SHRI AJAY CHANDRAKAR,KURUD vs. PR. COMMISSIONER OF INCOME TAX-1, RAIPUR

The present appeal filed by the assessee is directed against the order passed by the Pr. Commissioner of Income Tax, Raipur-1 ( for short ‘Pr. CIT’), dated 26.03.2021, which in turn arises from the order passed by the A.O. u/s.143(3) of the Income-tax Act, 1961 (for short ‘Act’), dated 26.11.2018 for A.Y. 2016-17.

The Ld. Authorized Representative (for short ‘AR’) for the assessee at the very outset of the hearing of the appeal submitted that the assessee by filing the present appeal had assailed the order passed u/s.263 of the Act, dated 26.03.2021 by the Pr. CIT, Raipur-1 wherein the matter had been remanded to the file of the A.O for fresh adjudication. Elaborating on the reason for seeking withdrawal of the captioned appeal, it was submitted by the Ld. AR that as the assessee’s claim had thereafter been accepted by the A.O in the consequential assessment framed by him u/s. 143(3) r.w.s. 263 r.w.s.144B, dated 23.03.2022, therefore, as instructed the present appeal is sought to be withdrawn. Ld. AR had placed on record a letter dated 12.12.2022 stating the aforesaid facts.

The Ld. Departmental Representative (for short ‘DR’) did not raise any objection to the seeking of withdrawal of the present appeal by the assessee appellant.

Considering the aforesaid factual position, we permit to the withdrawal of the present appeal.

Resultantly, the appeal filed by the assessee is dismissed as withdrawn in terms of our aforesaid observations.