U P State Warehousing Corporation, Lucknow V. PCIT, , Lucknow - 1

ITA 42/LKW/2021

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 1757 (ITAT-LUCKNOW)
• Duration Of Justice: 1 year(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-05-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2015-2016
• Appeal Filed On: 25-04-2021
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SHEELA CHOPRA
• Assessee Lawyers: ASHOK SETH
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL LUCKNOW BENCH “A”, LUCKNOW BEFORE SHRI. A. D. JAIN, VICE PRESIDENT AND SHRI T. S. KAPOOR, ACCOUNTANT MEMBER ITA No.42/LKW/2021 Assessment Year: 2015-16 U.P. State Warehousing Corporation New Hyderabad Lucknow v. The PCIT Lucknow TAN/PAN:AAACU4814B (Appellant) (Respondent) Appellant by: Shri Ashok Seth, C.A. Respondent by: Smt. Sheela Chopra, CIT (DR) Date of hearing: 17 05 2022 Date of pronouncement: 19 05 2022 O R D E R PER A.D. JAIN, V.P.: This is assessee’s appeal against the order of the ld. PCIT, Lucknow, dated 18.3.2021 passed under section 263 of the Income Tax Act, 1961. 2. The ld. Counsel for the assessee has moved an application dated Nil, received by the Registry of this office on 17.5.2022, for withdrawal of the appeal, stating therein that pursuant to the impugned order of the PCIT passed under section 263 of the I.T. Act, the Assessing Officer passed an order, dated 30.3.2022 under section 143(3)/263 of the I.T. Act, accepting the income originally assessed and thus, there is no grievance by the assessee. He, accordingly, submitted that that assessee may be allowed to withdraw the appeal filed before the Tribunal. The ld. Page 2 of 2 D.R. has no objection to such request. In the light of the request of the assessee, the appeal is dismissed as withdrawn. 3. In the result, the appeal is dismissed as withdrawn. Order pronounced in the open Court on 19/05/2022. Sd/- Sd/- [T. S. KAPOOR] [A. D. JAIN] ACCOUNTANT MEMBER VICE PRESIDENT DATED:19/05/2022 JJ: Copy forwarded to: 1. Appellant 2. Respondent 3. CIT(A) 4. CIT 5. DR By order Assistant Registrar