KHANDELWAL DISTRIBUTORS PVT.LTD, BAREILLY V. PR. COMMISSIONER OF INCOME TAX, BAREILLY

ITA 112/LKW/2022

AI Insights

The case involved Khandelwal Distributors Pvt. Ltd., the appellant, who appealed against an order under section 263 of the Income Tax Act, 1961, passed by the Principal Commissioner of Income Tax, Bareilly. The appeal was heard by the Income Tax Appellate Tribunal Lucknow Bench. However, the appellant chose to withdraw the appeal after the NFAC issued a consequential assessment order, which they found satisfactory and did not wish to contest. The withdrawal was formally accepted by the Tribunal, and the appeal was dismissed as withdrawn.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 123002 (ITAT-LUCKNOW)
• Duration Of Justice: 1 year(s) 5 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-05-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 17-05-2023
• Assessment Year: 2017-2018
• Appeal Filed On: 12-05-2022
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL LUCKNOW BENCH ‘A’, LUCKNOW BEFORE SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER AND SHRI ANADEE NATH MISSHRA, ACCOUNTANT MEMBER ITA No.112/Lkw/2022 Assessment Year: 2017-18 Khandelwal Distributors Pvt. Ltd., O, Moar Kothi, Gangapur, Bareilly- 243005 PAN: AABCK 2373E Vs. PCIT, Bareilly (Appellant) (Respondent) O R D E R PER SUDHANSHU SRIVASTAVA, J.M.: This appeal is preferred by the assessee against the order dated 15.03.2022 passed by the Ld. Pr. Commissioner of Income Tax, Bareily for A.Y. 2017-18. 2. The ld. Counsel for the assessee sought the permission of the Bench to withdraw the appeal by moving application dated 17.05.2023, stating as under: “The aforesaid appeal, fixed for hearing before your honours today, is against the order under section 263 of the Income Tax Act, 1961 dated 15.03.2022 passed by the Id. Pr. Commissioner of Income Tax, Bareilly. We beg to submit that in pursuance of the order passed by the ld. Principal Commissioner of Income Tax under section 263 of the Income Tax Act, 1961 the National Faceless Assessment Centre has since passed the consequential assessment order, vide DIN ITBA/AST/S/144/2022-23/1050534221(1), dated 09.03.2023. A copy of the said order is enclosed. Appellant by Shri P.K. Kapoor, CA Respondent by Shri S.H. Usmani, CIT (DR) Date of hearing 18/05/2023 Date of pronouncement 18/05/2023 I.T.A. No.112/Lkw/2022 2 Since the assessee appellant doesn't have any grievance against the consequential assessment order passed by the NFAC, therefore it begs to withdraw the captioned appeal.” 3. Learned D.R. has no objection. Accordingly, we permit the assessee to withdraw the present appeal. 4. In the result, appeal filed by the assessee is dismissed as withdrawn. (Order pronounced in the open court on 18/05/2023) Sd/- Sd/- ( ANADEE NATH MISSHRA ) (SUDHANSHU SRIVASTAVA) Accountant Member Judicial Member Dated: 18/05/2023 Aks Copy of the order forwarded to : 1. The Appellant 2. The Respondent. 3. Concerned CIT 4. The CIT(A) 5. D.R., I.T.A.T., Lucknow Asstt. Registrar