Paramount Surgimed Ltd., New Delhi V. ACIT Circle-76(1), New Delhi

ITA 4718/DEL/2019

AI Insights

The case involved Paramount Surgimed Ltd., the appellant, contesting an order from the Commissioner of Income Tax (Appeals)-31, New Delhi, pertaining to the assessment year 2011-12. The appeal was against the order dated 14.03.2019 under section 250 of the Income Tax Act, 1961. During the hearing, the appellant's representative submitted an application to withdraw the appeal, citing a significant reduction in the tax demand following a rectification order under section 154 by the Assessing Officer. There was no objection from the Department's representative, leading to the dismissal of the appeal as withdrawn.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 108626 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 7 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-01-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: F
• Next Hearing Date: 18-01-2023
• Assessment Year: 2011-2012
• Appeal Filed On: 23-05-2019
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 154; 250; 201

Judgement Text

1 ITA No. 4718/Del/2019 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “F”: NEW DELHI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER AND Dr. B.R.R. KUMAR, ACCOUNTANT MEMBER ITA No. 4718/Del/2019 [Assessment Year: 2011-12] Paramount Surgimed Ltd., Plot no. 1, LSC, Okhla Indl. Area, Phase-II, New Delhi. PAN:AAACP0814A Vs ACIT, Circle 76(1), New Delhi. APPELLANT RESPONDENT Assessee represented by: Sh. Piyush Kaushik, Adv. Department represented by: Sh. S.L. Verma, Sr. DR Date of hearing 19.01.2023 Date of pronouncement 19.01.2023 O R D E R PER N.K.CHOUDHRY, JM: The assessee has preferred the instant appeal against the order dated 14.03.2019, passed by the Ld. Commissioner of Income tax (Appeals)-31, New Delhi, (in short “Ld. Commissioner”) u/s 250 of the Income Tax Act, 1961 (in short “the Act”), pertaining to the assessment year 2011-12. 2 ITA No. 4718/Del/2019 2. During the course of hearing the learned AR of the assessee moved an application dated January 19,2023, mentioning that in the subsequent rectification order u/s 154 issued by the AO the demand against the assessee u/s 201 read with section 201(1A) has been significantly reduced and therefore the assessee wishes to withdraw the captioned appeal. He, accordingly prayed that the assessee may be permitted to withdraw the instant appeal. 3. In view of the same and in absence of any objection from the side of the Ld. D.R, the request of the assessee seeking for withdrawal of the appeal is allowed. 4. In the result, appeal of the assessee is dismissed as withdrawn. Order pronounced in open court during the course of hearing on 19.01.2023. Sd/- Sd/- (Dr. B.R.R. KUMAR) (N.K.CHOUDHRY) ACCOUNTANT MEMBER JUDICIAL MEMBER *MP* Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR ITAT, NEW DELHI 3 ITA No. 4718/Del/2019