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Income Tax Appellate Tribunal, NAGPUR BENCH : : NAGPUR
Before: SHRI S.S.GODARA & DR. DIPAK P. RIPOTE
आदेश/ ORDER
PER DR. DIPAK P. RIPOTE, AM:
This is an appeal filed by assessee against the order of ld.Pr.CIT, Nagpur-2 under section 263 of the Income Tax Act, 1961 for A.Y.2016-17.
At the outset, the ld.Authorised Representative(ld.AR) of the assessee invited our attention to letter dated 20.09.2023 submitted by assessee requesting for withdrawal of the appeal.
Akshata Cotton Industries Pvt. Ltd., [A]
The ld.DR had no objection for withdrawal of appeal by assessee.
Findings & Analysis : 4. We have heard both the parties and perused the records. The letter dated 20.09.2023 is reproduced hereasunder : “Respected Sir With all humbleness and if your kindness permit, we wish to withdraw this appeal. The present appeal was filed against the revision order passed by the learned PCIT under section 263. Vide 263, order, the learned PCIT has set aside the original assessment order passed by the Assessing Officer. The Assessing Officer as per the directions of the PCIT, passed a consequential order under section 143(3) r.w.s 263. The consequential assessment order was passed accepting returned income. As the issue is no more in dispute, the appellate crave leave from your kindness to withdraw this apppe; For this act of kindness, assessee shall always remain obliged.”
In view of the above request made by the assessee, we allow the assessee to withdraw the appeal, accordingly, appeal of the assessee is dismissed as withdrawn.