Rajeev mohandas, Calicut V. ACIT, Calicut

ITA 340/COCH/2011

• Counselvise Citation: [2012] 140 COUNSELVISE.COM (IT) 64754 (ITAT-COCHIN)
• Duration Of Justice: 1 year(s) 3 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-08-2012
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2006-2007
• Appeal Filed On: 10-05-2011
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: S PRAVEEN
• Section: 263

Judgement Text

1 ITA NO.340/COCH/2011 IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN BEFORE SHRI N.R.S. GANESAN (JM) AND SHRI B.R. BASKARA N(AM) I.T.A NO. 340/COCH/2011 (ASSESSMENT YEAR 2006-07) RAJEEV MOHANDAS VS A.C.I.T., CIR.1 VENKATESH NAIK MOHANDAS & SONS CALICUT PALAYAM ROAD, CALICUT PAN : AEHPM9473J (APPELLANT) (RESPONDENT) APPELLANT BY : NONE (WITHDRAWAL LETTER) RESPONDENT BY : SHRI S PRAVEEN DATE OF HEARING : 22-08-2012 DATE OF PRONOUNCEMENT : 22-08-2012 O R D E R PER N.R.S. GANESAN (JM) THE TAXPAYER HAS FILED THE PRESENT APPEAL CHALLENG ING THE ORDER OF THE ADMINISTRATIVE COMMISSIONER PASSED U/S 263 OF THE I NCOME-TAX ACT FOR THE ASSESSMENT YEAR 2006-07. 2. THE APPEAL WAS FIXED FOR FINAL DISPOSAL TODAY. THE REGISTRY HAS PLACED ON RECORD A LETTER RECEIVED FROM THE LD.REPRESENTATIVE FOR THE TAXPAYER SEEKING PERMISSION TO WITHDRAW THE APPEAL FILED BY THE TAXP AYER. THE LD.REPRESENTATIVE FOR THE TAXPAYER HAS ALSO ENCLOSED A COPY OF THE PE TITION FROM THE TAXPAYER. IN THE PETITION OF THE TAXPAYER IT IS STATED THAT THE ASSESSING OFFICER COMPLETED THE 2 ITA NO.340/COCH/2011 ASSESSMENT SUBSTANTIALLY CONCEDING THE ISSUES RAISE D BY THE TAXPAYER. THE TAXPAYER HAS ALSO STATED THAT THE SURVIVING DEMAND AFTER RE-ASSESSMENT IS A SMALL FIGURE WHICH DOES NOT JUSTIFY AN APPEAL BEFORE THIS TRIBUNAL. ACCORDINGLY THE TAXPAYER HAS SOUGHT PERMISSION TO WITHDRAW THE APPE AL. THE LD.DR HAS NO OBJECTION TO DISMISS THE APPEAL AS WITHDRAWN. THE APPEAL FILED BY THE TAXPAYER IS THUS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT AT THE TIME OF HEARING ON THIS 22 ND AUGUST, 2012. SD/- SD/- (B.R. BASKARAN) (N.R.S. GANESAN) ACCOUNTANT MEMBER JUDICIAL MEMBER COCHIN, DT : 22 ND AUGUST, 2012 PK/- COPY TO: 1. THE APPELLANT 2. THE RESPONDENT 3. THE COMMISSIONER OF INCOME-TAX 4. THE COMMISSIONER OF INCOME-TAX(A) 5. THE DR (TRUE COPY) BY ORDER ASSTT. REGISTRAR, INCOME-TAX APPELLATE TRIBUNAL, COCHIN BENCH