Mahesh Bikhchandani Karda, Ahmedabad V. The Pr. CIT-3, Ahmedabad

ITA 147/AHD/2022

AI Insights

This case involves an appeal by Mahesh Bikhchand Karda against a Revision order passed by the Principal Commissioner of Income Tax-3, Ahmedabad, under section 263 of the Income Tax Act, 1961, concerning the Assessment Year 2017-18. The Revision order was dated 25.03.2022. The primary contention in the appeal was related to the deduction under section 80IB(10) of the Act. During the proceedings, it was noted that the Assessing Officer had accepted the Assessee's claim for the deduction while implementing the Revision order dated 29.03.2023. Consequently, the Assessee, represented by Ms. Urvashi Shodhan, chose to withdraw the appeal as it had become academic. The CIT-DR, Shri Sudhendu Das, did not object to this withdrawal.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 114191 (ITAT-AHMEDABAD)
• Duration Of Justice: 11 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-04-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 12-04-2023
• Assessment Year: 2017-2018
• Appeal Filed On: 05-05-2022
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD “B” BENCH Before: Smt. Annapurna Gupta, Accountant Member And Shri T.R. Senthil Kumar, Judicial Member Mahesh Bikhchand Karda Block No. 24A, Sindhi Colony, Near Airport Road, Sardarnagar, Ahmedabad-382475 PAN: ACWPK4480A (Appellant) Vs The Pr.CIT-3, Ahmedabad (Respondent) Assessee Represented: Ms. Urvashi Shodhan, A.R. Revenue Represented: Shri Sudhendu Das, CIT-DR Date of hearing : 13-04-2023 Date of pronouncement : 19-04-2023 आदेश/ORDER PER : T.R. SENTHIL KUMAR, JUDICIAL MEMBER:- This appeal is filed by the Assessee as against the Revision order dated 25.03.2022 passed by the Principal Commissioner of Income Tax-3, Ahmedabad under section 263 of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) relating to the Assessment Year (A.Y) 2017-18. ITA No. 147/Ahd/2022 Assessment Year 2017-18 I.T.A No. 147/Ahd/2022 A.Y. 2017-18 Page No Mahesh B. Karda vs. Pr. CIT 2 2. At the outset hearing of the above appeal, Ld. Counsel Ms. Urvashi Shodhan submitted before us while giving effect to the Revision order dated 29.03.2023, the Assessing Officer has accepted the claim of the assessee of deduction u/s. 80IB(10) of the Act. Therefore the assessee wish to withdraw the present appeal filed by the assessee since it become academic. 3. Ld. CIT-DR Shri Sudhendu Das has no objection for withdrawal of the above appeal. Recording the above statements, the appeal filed by the Assessee is hereby dismissed as withdrawn. 5. In the result, the appeal filed by the Assessee is dismissed as withdrawn. Order pronounced in the open court on 19-04-2023 Sd/- Sd/- (ANNAPURNA GUPTA) (T.R. SENTHIL KUMAR) ACCOUNTANT MEMBER True Copy JUDICIAL MEMBER Ahmedabad : Dated 19/04/2023 आदेश कȧ ĤǓतͧलͪप अĒेͪषत / Copy of Order Forwarded to:- 1. Assessee 2. Revenue 3. Concerned CIT 4. CIT (A) 5. DR, ITAT, Ahmedabad 6. Guard file. By order/आदेश से, उप/सहायक पंजीकार आयकर अपीलȣय अͬधकरण, अहमदाबाद