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Income Tax Appellate Tribunal, RAIPUR BENCH, RAIPUR
Before: SHRI RAVISH SOOD, JM & SHRI ARUN KHODPIA, AM
नििााररती की ओर से /Assessee by : Shri Subash Agarwal, AR राजस्व की ओर से /Revenue by : Shri G.N.Singh, Sr. DR सुनिाई की तारीख / Date of Hearing : 21/07/2022 घोषणा की तारीख/Date of Pronouncement : 21/07/2022 आदेश / O R D E R Per Arun Khodpia, AM :
This appeal is filed by the assessee against the order passed by the CIT(A)-1, Raipur, dated 01.03.2016 for the assessment year 2011-2012.
At the outset, ld. AR filed before us an application dated 21.07.2022 for withdrawal of the appeal on the ground stated as below :- Hon’ble Sirs, On instructions from my client, I humbly submit as under :- The sole issue raised in the instant appeal of the assessee relates to addition of Rs.49,24,720/- made by the AO by treating “village sales” of agricultural produce as income from undisclosed of the sources. The assessee has approached the settlement commission pursuant to search action u/s.132 on the assessee group. The said amount has already been included by the ld. Settlement Commission in the Total Income computed by it u/s.245D(4) and tax and interest thereon have been collected/paid. In the circumstances, the assessee is not desirous of pursuing the instant appeal.