Amrit Steels Pvt. Ltd., Ghaziabad V. Pr. CIT, Ghaziabad

ITA 1319/DEL/2021

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 2956 (ITAT-DELHI)
• Duration Of Justice: 11 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-09-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2015-2016
• Appeal Filed On: 03-10-2021
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Revision of order
• Section: 263

Judgement Text

1 ITA no. 1319/Del/2021 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “A”: NEW DELHI BEFORE SHRI ANIL CHATURVEDI, ACCOUNTANT MEMBER AND SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER ITA No. 1319/DEL/2021 Asstt. Yr: _2015-16 Amrit Steels Pvt. Ltd., 601, Disco Compound, GT Road, Ghaziabad. PAN- AABCA2534P Vs Principal Commissioner of Income- tax, Ghaziabad. APPELLANT RESPONDENT Assessee represented by Shri Akhilesh Kumar, Adv. Department represented by Sh. R.K. Gupta, CIT DR Date of hearing 26.09.2022 Date of pronouncement 26.09.2022 O R D E R PER N.K. CHOUDHRY, JM: The assessee has preferred the instant appeal against the order dated 29.03.2021, passed by the ld. Principal Commissioner of Income tax, Ghaziabad (in short “Ld. Commissioner”) u/s 263 of the Income-tax Act,1961 (in short “the Act”), pertaining to the assessment year 2015-16. 2. At the outset learned counsel appearing on behalf of the assessee submitted at the Bar that pursuant to the order passed by the learned Commissioner U/s 263 of the Act, which is the subject matter of instant appeal, the Income-tax Officer, National Faceless Assessment Centre, Delhi has since vide assessment order dated 30.03.2022 u/s 143(3)/263/144B of the Act, assessed the total income of the 2 ITA no. 1319/Del/2021 assessee at a loss of Rs. 30,76,63,055/-, as was originally returned by it, leaving no grievance to the assessee. He prayed that in view of above, the assessee may be permitted to withdraw the instant appeal. 3. The learned DR raised no objection to the request so made on behalf of the assessee. Accordingly, the assessee is permitted to withdraw the instant appeal filed by it. 4. Assessee’s appeal stands dismissed, having been withdrawn. Order pronounced in open court on 26.09.2022. Sd/- Sd/- (ANIL CHATURVEDI) (N.K. CHOUDHRY) ACCOUNTANT MEMBER JUDICIAL MEMBER *MP* Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI