ZIM LABORATORIES LIMITED ,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE -2(1), NAGPUR

This is an appeal filed by the Assessee against the order of ld.Commissioner of Income Tax(Appeal)-3, Nagpur 28.03.2018 emanating from assessment order under section 143(3) of the I.T.Act, dated 31.03.2016.

At the outset of hearing, ld.AR for the assessee submitted application for not pressing the appeal as under : Zim Laboratories Limited [A] “The appellant had preferred appeal before the Hon'ble ITAT contesting the order of the learned CIT(A) for the above mentioned asstt. year. In view of the Income Tax amount involved in dispute being very small and insignificant, therefore the appellant do not wish to press the appeal and the Ground contained therein before your honour. Hence, this petition is being made for the favour of your kind consideration.”

On the other hand, the ld.Departmental Representative(ld.DR) of the Revenue did not object to the contention of the assessee and has no objection if the appeal of assessee is dismissed as not pressed.

In view of the above, we consider the request of the as not pressing the appeal. Accordingly, grounds of appeal raised by the assessee are dismissed as not pressed.

In the result, appeal of the assessee is dismissed as not pressed.