ABHIK FINANCE PVT. LTD.,GURGAON V. THE DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 1(2), NEW DELHI

ITA 3723/DEL/2024

AI Insights

The case involves Abhik Finance Pvt. Ltd., the appellant, who filed an appeal against the order of the Commissioner of Income Tax (Appeals)-I, New Delhi, concerning an assessment order for the Assessment Year 2016-17. The appeal was heard by the Income Tax Appellate Tribunal, Delhi 'A' Bench. On the scheduled hearing date, the appellant's counsel submitted a request to withdraw the appeal, stating it was a duplicate of another appeal. The respondent, represented by the CIT DR, did not object to the withdrawal. Consequently, the tribunal allowed the withdrawal of the appeal.

• Counselvise Citation: [2026] 140 COUNSELVISE.COM (IT) 833573 (ITAT-DELHI)
• Duration Of Justice: 1 year(s) 5 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 02-02-2026
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2016-2017
• Appeal Filed On: 16-08-2024
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: JITENDER SINGH
• Assessee Lawyers: NIPUN GUPTA
• Section: 143(3)

Judgement Text

"ITA No.3723/Del/2024 Page | 1 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI “A” BENCH: NEW DELHI BEFORE SHRI ANUBHAV SHARMA, JUDICIAL MEMBER & SHRI MANISH AGARWAL, ACCOUNTANT MEMBER ITA No.3723/Del/2024 [Assessment Year : 2016-17] Abhik Finance Pvt.Ltd. 2/3A, Aravali View Rail Vihar, Sector-65, Gurgaon, Haryana-122002. PAN-AABCA8567A vs DCIT Central Circle-1(2) New Delhi APPELLANT RESPONDENT Appellant by Shri Nipun Gupta, CA Respondent by Shri Jitender Singh, CIT DR Date of Hearing 02.02.2026 Date of Pronouncement 02.02.2026 ORDER PER MANISH AGARWAL, AM : The present appeal is filed by assessee against the order dated 15.11.2019 by Ld. Commissioner of Income Tax (A)-I, New Delhi [“Ld.CIT(A)”] in Appeal No.428/18-19 passed u/s 250 of the Income Tax Act, 1961 [“the Act”] arising out of assessment order dated 30.12.2018 passed u/s 143(3) of the Act pertaining to Assessment Year 2016-17. 2. Ld. Counsel for the assessee prayed under the instructions of the assessee that the above-captioned appeal may be permitted to be withdrawn. A letter dated 02.02.2026 filed by Mr. Nipun Gutpa, ACA, Printed from counselvise.com ITA No.3723/Del/2024 Page | 2 Ld. Authorized Representative of the assessee, is also placed on record. For the same, the relevant contents of the letter are reproduced as under:- “The captioned appeal is fixed for hearing before this Hon'ble bench today, i.e. 02 February, 2026, is a duplicate of another appeal filed by the appellant. In view of the same, we respectfully request this Hon'ble Tribunal to allow withdrawal of the above-mentioned appeal. Therefore, it is most humbly prayed that the above-captioned appeal may kindly be allowed to be withdrawn.” 3. Ld. CIT DR for the Revenue has no objection in this regard. 4. We have heard the contentions of the Ld. Authorized representatives of both parties and perused the material available on record. In view of the prayer made by Ld. Authorized representative of the assessee vide letter dated 02.02.2026, ITA No.3723/Del/2024 [Assessment Year 2016-17] in the case of M/s. Abhik Finance Pvt.Ltd. is permitted to be withdrawn. Hence, appeal of the assessee is dismissed as withdrawn. 5. In the result, appeal of the assessee is dismissed. Order pronounced in the open Court on 02.02.2026. Sd/- Sd/- (ANUBHAV SHARMA) JUDICIAL MEMBER Date:- 02.02.2026 *Amit Kumar, Sr.P.S* (MANISH AGARWAL) ACCOUNTANT MEMBER Printed from counselvise.com ITA No.3723/Del/2024 Page | 3 Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT 6. Guard File ASSISTANT REGISTRAR ITAT, NEW DELHI Printed from counselvise.com "