RASULPUR CO-OPEARTIVE AGRICULTURE SERVICE SOCIETY LIMITED, LUDHIANA V. PRINCIPAL COMMISSIONER OF INCOME TAX -1 , LUDHIANA

ITA 18/ASR/2021

AI Insights

The case involved the Rasulpur Coop. Agriculture Service Society Ltd., which appealed against the order of the Principal Commissioner of Income Tax, Ludhiana, concerning the Assessment Year 2011-12. Initially, the appeal was against an order passed under section 263 of the Income Tax Act, which set aside the original assessment. However, following a reassessment by the National Faceless Assessment Centre, Delhi, where the assessee's contentions were accepted, the assessee sought to withdraw the appeal. The Tribunal, acknowledging the reassessment and the non-objection from the Departmental Representative, allowed the withdrawal and dismissed the appeal as infructuous.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 114399 (ITAT-AMRITSAR)
• Duration Of Justice: 1 year(s) 11 month(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 11-04-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 09-04-2023
• Assessment Year: 2011-2012
• Appeal Filed On: 22-04-2021
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH, AMRITSAR (VIRTUAL COURT) BEFORE DR. M. L. MEENA, ACCOUNTANT MEMBER AND SH. ANIKESH BANERJEE, JUDICIAL MEMBER I.T.A. No. 18/Asr/2021 Assessment Year: 2011-12 Rasulpur Coop. Agriculture Service Society Ltd., VPO Rasulpur, Jagraon, Distt. Ludhiana 142035 [PAN: AAAAT 4717A] (Appellant) V. P. C. I. T-1, Ludhiana (Respondent) Appellant by None Respondent by Smt. Rajinder Kaur, CIT- DR Date of Hearing : 10.04.2023 Date of Pronouncement : 12.04.2023 ORDER Per Dr. M. L. Meena, AM: This appeal has been filed by the assessee against the order of the Ld. Pr. Commissioner of Income Tax, Ludhiana dated 31.03.2021 in respect of Assessment Year: 2011-12. I.T.A. No. 18/Asr/2021 Rasulpur Coop. Agriculture Service Society Ltd. v. Pr. CIT 2 2. At the outset, the ld. counsel for the assessee has submitted vide application dated 04.03.2023 that the AO NFAC, Delhi while framing the assessment in pursuance of the order passed u/s 263 has accepted the contentions of the assessee, vide assessment order dated 31.03.2023. Therefore, he requested that the appeal of the assessee may be allowed to be withdrawn, by contending in the aforesaid as under: “In this contention it is respectfully brought to your esteemed consideration that as the appeal was filed against order of the Ld. Pr. CIT u/s 263 setting aside the assessment which has now been reframed by the National Faceless Assessment Centre, Delhi vide their order dated 31.03.2022 as per copy of the same being enclosed for ready reference. It is accordingly prayed that appeal as filed before the Hon’ble Tribunal becomes in fructuous. Permission may kindly be accorded to withdraw the said appeal which may kindly be acceded to.” 3. The Ld. D.R. has no objection to the request of the assessee for withdrawal of the appeal. 4. Accordingly, the appeal filed by the assessee is dismissed as infructuous. Order pronounced in the open court on 12.04.2023 Sd/- Sd/- (Anikesh Banerjee) (Dr. M. L. Meena) Judicial Member Accountant Member *GP/Sr./P.S.* I.T.A. No. 18/Asr/2021 Rasulpur Coop. Agriculture Service Society Ltd. v. Pr. CIT 3 Copy of the order forwarded to: (1)The Appellant (2) The Respondent (3) The CIT (4) The CIT (Appeals) (5) The DR, I.T.A.T. True Copy By Order