The Citizen Co-operative Bank Ltd, New Delhi V. ACIT, Circle-60(1), New Delhi

ITA 1997/DEL/2019

AI Insights

The case involved The Citizen Co-operative Bank Limited, which appealed against an order passed by the Commissioner of Income Tax (Appeals)-20, New Delhi, concerning the assessment year 2015-16. The original assessment was made by the ACIT, Circle 62(1), New Delhi under section 143(3) of the Income Tax Act, 1961. However, before the Tribunal could proceed with the hearing, the Assessee submitted an application to withdraw the appeal, citing that similar issues for the assessment years 2013-14 and 2014-15 had been decided against them by the Tribunal. The Revenue did not contest this withdrawal, leading to the dismissal of the appeal.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 113941 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 10 month(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-01-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Next Hearing Date: 18-01-2023
• Assessment Year: 2015-2016
• Appeal Filed On: 06-03-2019
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SANGEETA YADAV
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH ‘G’ : NEW DELHI) BEFORE SH. N.K.BILLAIYA, ACCOUNTANT MEMBER AND SH. ANUBHAV SHARMA, JUDICIAL MEMBER ITA No.1997/Del/2019, A.Y. 2015-16 The Citizen Co-operative Bank Limited 4/3, 8750, First Floor, Desh Bandhu Gupta Road, Delhi-110055 PAN: AACAT1432G Vs. ACIT, Circle-60(1), New Delhi Assessee by An application for withdraw dated 16.01.2023 Revenue by Ms. Sangeeta Yadav, Sr. DR Date of hearing: 19.01.2023 Date of Pronouncement: 23.01.2023 ORDER Per Anubhav Sharma, JM : The appeal has been filed by the Assessee against order dated 20.12.2018 in Appeal No. 10172/2017-18 assessment year 2015-16 passed by Commissioner of Income Tax (appeals)-20, New Delhi (hereinafter referred to as the First Appellate Authority or in short ‘Ld. F.A.A.’) in regard to the appeal before it arising out of assessment order dated 30/11/2017 u/s 143(3) of the Income Tax Act, 1961 passed by the ACIT, Circle 62(1), New Delhi (hereinafter referred to as the Assessing Officer or ‘AO’). 1997.Del.2019 The Citizen Co-operative Bank Ltd. 2 2. As the case was called for hearing, non-appeared for the assessee and the registry has placed on record an application dated 16.01.2022 moved by Ld. AR for the assessee mentioning that in regard to the issues raised in the appeal for A.Y. 2013-14 and 2014-15, the appeals stand decided against the assessee by the Tribunal. Therefore, the assessee seeks permission to withdraw the appeal. Nothing was submitted to oppose the same on behalf of the revenue. The appeal is stands dismissed, withdrawn. Order pronounced in the open court on 23 January, 2023. Sd/- Sd/- (N.K.BILLAIYA) (ANUBHAV SHARMA) ACCOUNTANT MEMBER JUDICIAL MEMBER Date:-23.01.2023 *Binita, SR.P.S* Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI