Mohit Gupta, New Delhi V. PrCIT, Muzaffarnagar

ITA 3968/DEL/2018

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 4344 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 4 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-10-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: E
• Assessment Year: 2013-2014
• Appeal Filed On: 24-05-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: PARAMITA M BISWAS
• Assessee Lawyers: SAUMYA JAIN
• Keywords: Capital asset; Revision of order
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI E BENCH: NEW DELHI (THROUGH VIDEO CONFERENCING ) BEFORE SHRI R.K.PANDA, ACCOUNTANT MEMBER AND SHRI SANJAY GARG, JUDICIAL MEMBER ITA NO.3968/DEL/2018 ASSESSMENT YEAR : 2013-14 MOHIT GUPTA, SANJAY & SANJAY, CHARTERED ACCOUNTANTS, 15, KISHORE BAGH, DELHI ROAD, SAHARANPUR-247001 (UP) VS PRINCIPAL COMMISSIONER OF INCOME TAX, AAYKAR BHAWAN, MEERU ROAD, NEAR TEHSIL, MUZAFFARNAGAR-251002 PAN-AIFPG9753K APPELLANT RESPONDENT APPELLANT BY MS. SAUMYA JAIN , CA RESPONDENT BY MS. PARAMITA M. BISWAS, CIT - DR DATE OF HEARING 28.09.2021 DATE OF PRONOUNCEMENT 01 . 10 .2021 ORDER PER SANJAY GARG, JUDICIAL MEMBER : THE PRESENT APPEAL HAS BEEN PREFERRED BY THE ASSESS EE AGAINST THE ORDER DATED 27.03.2018 OF THE LD. PRINC IPAL COMMISSIONER OF INCOME TAX MEERUT, (HEREINAFTER REF ERRED TO PR. CIT) FOR THE ASSESSMENT YEAR 2013-14. ITA NO. 3968/DEL/2018 2 | P A GE 2. AT THE OUTSET, THE LD. COUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT VIDE IMPUGNED ORDER, THE LD. PR. CIT EXERCISING HIS REVISION JURISDICTION U/S 263 OF THE INCOME TAX ACT, 1961 (HEREINAFTER REFERRED TO THE ACT) HAD SET-ASIDE T HE ASSESSMENT ORDER TO THE ASSESSING OFFICER WITH DIRECTION TO PAS S A FRESH ASSESSMENT ORDER IN ACCORDANCE WITH LAW. THE LD. COU NSEL FOR THE ASSESSEE HAS FURTHER SUBMITTED THAT IN THE FRES H ASSESSMENT ORDER PASSED BY THE ASSESSING OFFICER PURSUANT TO D IRECTION OF THE LD. PR. CIT, RETURNED INCOME OF THE ASSESSEE HA S BEEN ACCEPTED. THEREFORE, THE ASSESSEE IS NO MORE AGGRIE VED BY THE ORDER OF THE LD. PR. CIT. THAT THE APPEAL MAY BE D ISMISSED AS WITHDRAWN. 3. THE LD. DR HAS NOT OBJECTED TO THE SAME. 4. THE APPEAL IS ACCORDINGLY DISMISSED AS WITHDRAWN. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DI SMISSED. ORDER WAS PRONOUNCED IN THE OPEN COURT ON 01/ 10/2021. SD/- SD/- (R.K.PANDA) (SANJAY GARG) ACCOUNTANT MEMBER JUDICIAL MEMBER DELHI; DATED: 01 / 10 /2021 . F{X~{T F{X~{T F{X~{T F{X~{T ITA NO. 3968/DEL/2018 3 | P A GE COPY FORWARDED TO: 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(APPEALS) 5. DR: ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI