M/S. H.M.G. BULK CARRIER,MEERUT vs. CIT, MEERUT

This appeal by the assessee has been filed against the order of the CIT(A), Meerut dated 3.2.2012 passed u/s 263 of the Income-tax Act 1961 [for short, ‘the Act’] for AY 2007-08.

At the very outset, the ld. Counsel for the assessee submitted a copy of the order of the CIT(A), Meerut dated 8.5.2015 and submitted that the present appeal has become infructuous in view of the order of the CIT(A) [supra] wherein all the issues raised by the assessee against the assessment order passed u/s 143(3) r.w.s 263 of the Act have been decided in favour of the assessee.

The ld. DR fairly and candidly accepted that the appeal of the assessee against reassessment order passed in pursuant to order u/s 263 of the Act has been allowed in favour of the assessee.

In view of the above submissions of both the sides, we are of the considered opinion that the appeal challenging the invocation of provisions of section 263 of the Act have become infructuous and since the assessee is not willing to agitate the issue any further, the present appeal having become infructuous, stands dismissed.

In the result, the appeal of the assessee is dismissed as having become infructuous. The decision is pronounced in the open court on 24.09.2015.