The Mattewal Coop. L/C Society Ltd., Amritsar V. The Income Tax Officer, Amritsar

ITA 140/ASR/2010

• Counselvise Citation: [2011] 134 COUNSELVISE.COM (IT) 5809 (ITAT-AMRITSAR)
• Duration Of Justice: 1 year(s) 3 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-06-2011
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SB
• Next Hearing Date: 21-12-2010
• Assessment Year: 2001-2002
• Appeal Filed On: 12-03-2010
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: P N ARORA
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH: AMRITSAR. BEFORE SHRI H.L. KARWA, VICE PRESIDENT AND SHRI MEHAR SINGH, ACCOUNTANT MEMBER. I.T.A. NO.140(ASR)/2010. (ASSESSMENT YEAR: 2001-02) THE MATTEWAL CO-OP. L & C THE INCOME TAX OFFICER, SOCIETY LTD. WARD IV(3), 143, GOLDEN AVENUE, AMRITSAR. AMRITSAR. (APPELLANT) VS. (RESPONDENT) APPELLANT BY: SHRI P.N. ARORA, ADV. RESPONDENT BY: SHRI TARSEM LAL, D.R. ORDER PER H.L. KARWA, VICE PRESIDENT. THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAI NST THE ORDER OF THE CIT-II, AMRITSAR DATED 3-3-2010 PASSED UNDER SECTIO N 263 OF THE INCOME TAX ACT, 1961 (IN SHORT, THE ACT) FOR THE ASSESSMENT YEAR 2001-02. 2. SHRI P.N. ARORA, ADVOCATE, THE LEARNED COUNSEL F OR THE ASSESSEE, VIDE HIS LETTER DATED 15-6-2011 HAS STATED AS UNDER:- IN THE MATTER OF APPEAL OF M/S.THE MATTEWAL CO-OPERATIVE L/C SOCIETY LTD., 143 - GOLDEN AVENUE, AMRITSAR. SUB: ASSESSMENT YEAR 2001-02. APPEAL ITA NO.140(ASR)/2010, AGAINST ORDER UNDER SECTION 263 OF THE INCOME TAX ACT, 1961. .. 2 SIR, IN THIS CASE, AN APPEAL WAS PREFERRED BEFORE THE LE ANED BENCH AGAINST ORDER UNDER SECTION 263 OF THE INCOME TAX A CT, 1961, PASSED BY THE LD. COMMISSIONER OF INCOME TAX, IN CONNECTIO N WITH ASSTT. YEAR 2001-02. IT IS VERY HUMBLY PRAYED THAT WE MAY BE PERMITTED TO WITHDRAW THE APPEAL. THANKING YOU, YOURS FAITHFULLY, SD/- P.N. ARORA (COUNSEL FOR THE APPELLANT) 3. IN VIEW OF THE ABOVE LETTER OF SHRI P.N. ARORA, ADVOCATE, THE LEARNED COUNSEL FOR THE ASSESSEE, WE GRANT THE PERMISSION T O THE ASSESSEE TO WITHDRAW THE APPEAL. 4. IN THE RESULT, THE APPEAL IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 15 TH JUNE, 2011. SD/- SD/- (MEHAR SINGH) (H.L. KARWA) ACCOUNTANT MEMBER. VICE PRESIDENT. DATED: 15 TH JUNE, 2011. KC/- COPY OF THE ORDER FORWARDED TO: (1) THE ASSESSEE: THE MATTEWAL CO-OP. L/C SOC. LTD., 14 3, GOLDEN AVENUE, AMRITSAR.(2) THE ITO, WARD IV(3), ASR,. (3) THE CIT-II, ASR.(4)THE SR.D.R., ITAT, ASR. TRUE COPY BY ORDER ASSTT. REGISTRAR, INCOME TAX APPELLATE TRIBUNAL, AMRITSAR.