M/S BALAJI ELECTROSTEELS LTD,PATNA vs. C.I.T.-CENTRAL, PATNA

This appeal filed by the assessee is against the revision order of Ld. CIT(Central), Patna vide Memo No. PCIT(C)/Pat/263/2017-18/6525-27 dated 27.03.2018 u/s, 263 of the Income-tax Act, 1961 (hereinafter referred to as the “Act”) passed against the assessment order by the DCIT, Central Circle-2, Patna u/s. 153A/143(3) of the Act dated 31.03.2016.

At the outset, the learned counsel for the assessee submitted vide application dated 05.12.2022 that the assessee wishes to withdraw the appeal as the matter stands infructuous since addition made in effect giving order passed u/s. 143(3) r.w.s. 263 of the Act has been deleted by the Ld. CIT(A) and appeal has been fully allowed. Since the learned DR does not oppose the plea of assessee to withdraw its appeal, we allow the assessee to withdraw the appeal and therefore, the appeal is dismissed as withdrawn.