Invoa India, CHENNAI V. ITO Non Corporate Ward 10(2), CHENNAI

ITA 3127/CHNY/2017

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 5806 (ITAT-CHENNAI)
• Duration Of Justice: 4 year(s) 3 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-03-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2013-2014
• Appeal Filed On: 20-12-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 143(3)

Judgement Text

आयकर अपीलीय अिधकरण, ‘बी’ ᭠यायपीठ, चे᳖ई IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH, CHENNAI Įी महावीर ͧसंह, उपाÚय¢ एवं Įी मनोज क ु मार अĒवाल, लेखा सदèय के सम¢ BEFORE SHRI MAHAVIR SINGH, VICE PRESIDENTAND SHRI MANOJ KUMAR AGGARWAL, ACCOUNTANT MEMBER आयकर अपील सं./ITA No.: 3127/CHNY/2017 िनधाᭅरण वषᭅ /Assessment Year:2013-14 M/s. Inova India, Old No.47/4, New No.96, Nelson Manickam Road, Aminjikarai, Chennai – 600 029 PAN: AAAFI 8469F v. The Income Tax Officer, Non-Corporate Ward – 10(2), Chennai – 600 034. (अपीलाथᱮ/Appellant) (ᮧ᭜यथᱮ/Respondent) अपीलाथᱮ कᳱ ओर से/Appellant by : Shri Saroj Kumar Parida, Advocate ᮧ᭜यथᱮ कᳱ ओर से/Respondent by : Shri G. Johnson, Addl.CIT स ु नवाई कȧ तारȣख/Date of Hearing : 29.03.2022 घोषणा कȧ तारȣख/Date of Pronouncement : 29.03.2022 आदेश /O R D E R PER MAHAVIR SINGH, VP: This appeal of assessee is arising out of the order of the learned Commissioner of Income Tax (Appeals)-12, Chennai in ITA No.55/CIT(A)-12/2016-17 dated 10.10.2017. The assessment was framed by the Income Tax Officer, Non-Corporate Ward-10(2), Chennai for the assessment years 2013-14 u/s. 143(3) of the Income Tax Act, 1961 (hereinafter ‘the Act’), vide order dated 24.03.2016. 2 ITA No.3127/Chny/2017 2. At the outset, the ld.counsel for the assessee stated that he has filed petition dated 29.03.2022 for withdrawal of this appeal without conceding on merits of appeal, which reads as under:- The above appeal is posted for hearing on 29.03.2022. The issue on appeal is whether lease rent in respect of a lease agreement for a period in excess of 12 years should be assessed as income from house property particularly in view of provisions of section 27(iiib) defining a deemed owner. However, to avoid protracted litigation on the issue and the smallness of tax, it is prayed that the appellant may be permitted to withdraw the appeal without prejudice the Appellant’s claim on merits of the issue. 3. When this was pointed out to ld. Senior DR, he has not raised any objection for withdrawal of appeal. Hence, we dismiss the appeal as withdrawn. 4. In the result, the appeal filed by the assessee is dismissed as withdrawn. Order pronounced in the open court on 29 th March, 2022 at Chennai. Sd/- Sd/- (मनोज कुमार अᮕवाल) (MANOJ KUMAR AGGARWAL) लेखा सद᭭य /ACCOUNTANT MEMBER (महावीर ᳲसह ) (MAHAVIR SINGH) उपा᭟यᭃ /VICE PRESIDENT चे᳖ई/Chennai, ᳰदनांक/Dated, the 29 th March, 2022 RSR आदेश कᳱ ᮧितिलिप अᮕेिषत/Copy to: 1. अपीलाथᱮ/Appellant 2. ᮧ᭜यथᱮ/Respondent 3. आयकर आयुᲦ (अपील)/CIT(A) 4. आयकर आयुᲦ /CIT 5. िवभागीय ᮧितिनिध/DR 6. गाडᭅ फाईल/GF.