Sree Saravanabalaji Textiles P Ltd., Coimbatore V. ACIT Corporate Circle I, Coimbatore

ITA 1053/CHNY/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 1326 (ITAT-CHENNAI)
• Duration Of Justice: 2 year(s) 2 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-07-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 05-07-2021
• Assessment Year: 2014-2015
• Appeal Filed On: 15-04-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: N ARJUN RAJ CA MR S SRIDHAR

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: CHENNAI , , , % BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER AND SHRI S. JAYARAMAN, ACCOUNTANT MEMBE R ./ ITA NO.1053/CHNY/2019 /ASSESSMENT YEAR: 2014-15 M/S. SREE SARAVANABALAJI TEXTILES PVT. LTD., S.F. NO.88/2, METTUPALAYAM ROAD, NARASIMHANAICKENPALAYAM, COIMBATORE 641 031. [PAN: AAFCS 9202E] VS. THE ASST. COMMISSIONER OF INCOME TAX , CORPORATE CIRCLE-1, COIMBATORE. ( /APPELLANT) ( '(* /RESPONDENT) * / APPELLANT BY : MR. N.ARJUNRAJ, C.A FOR MR. S. SRIDHAR, ADVOCATE '(* /RESPONDENT BY : MR. ABANI KANTA NAYAK, CIT /DATE OF HEARING : 05.07.2021 / DATE OF PRONOUNCEMENT : 05.07.2021 / O R D E R PER SHRI V. DURGA RAO, JUDICIAL MEMBER : THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAIN ST THE ORDER OF THE LEARNED PRINCIPAL COMMISSIONER OF INCOME TAX, C OIMBATORE IN C.NO.120(16)/263/PCIT/CBE/2018-19 DATED 25.02.2019 RELEVANT TO THE ASSESSMENT YEAR 2014-15. I.T.A NO.1053/CHNY/2019 :- 2 -: 2. WHEN THE APPEAL WAS TAKEN UP FOR HEARING, THE LD. C OUNSEL FOR THE ASSESSEE FILED A LETTER DATED 05.07.2021 SEEKING PE RMISSION TO WITHDRAW THE APPEAL FILED BY THE ASSESSEE SINCE THE ASSESSEE IS NOT INTERESTED IN PROSECUTING ITS APPEAL. 3. IN VIEW OF THE ABOVE SUBMISSIONS OF THE LD. COUNSEL FOR THE ASSESSEE AND THERE BEING NO OBJECTION RAISED BY THE LD. DR, THE APPEAL FILED BY THE ASSESSEE IS DISMISSED AS WITHDRAWN. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DIS MISSED AS WITHDRAWN. ORDER PRONOUNCED ON 05 TH JULY, 2021 IN CHENNAI. SD/ - SD/ - ( . ) (S. JAYARAMAN ) /ACCOUNTANT MEMBER ( ) (V. DURGA RAO) /JUDICIAL MEMBER /CHENNAI, /DATED: 05 TH JULY, 2021 . EDN, SR. P.S /COPY TO: 1. /APPELLANT 2. /RESPONDENT 3. ( )/CIT(A) 4. /CIT 5. /DR 6. /GF