Ajanta Chemicals Industries, New Delhi V. Pr. CIT -11, New Delhi

ITA 476/DEL/2020

• Counselvise Citation: [2023] 101 COUNSELVISE.COM (IT) 9743 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 10 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-11-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 29-11-2023
• Assessment Year: 2014-2015
• Appeal Filed On: 26-01-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: AASISH MOHANTY
• Assessee Lawyers: MIHIR AGARWAL
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNALIN THE INCOME TAX APPELLATE TRIBUNAL IN THE INCOME TAX APPELLATE TRIBUNAL DELHI DELHIDELHI DELHI BENCH BENCHBENCH BENCH ‘ ‘‘ ‘A AA A’ ’ ’ ’ : NEW DELHI : NEW DELHI: NEW DELHI : NEW DELHI BEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNUBEFORE SHRI G.S. PANNU BEFORE SHRI G.S. PANNU, ,, , VICE PRESIDENT AND VICE PRESIDENT ANDVICE PRESIDENT AND VICE PRESIDENT AND SHRI SHRI SHRI SHRI ANUBHAV SHARMA ANUBHAV SHARMAANUBHAV SHARMA ANUBHAV SHARMA, JUDICIAL MEMBER , JUDICIAL MEMBER, JUDICIAL MEMBER , JUDICIAL MEMBER ITA No ITA NoITA No ITA No. .. .476 476476 476/Del/20 /Del/20/Del/20 /Del/2020 2020 20 Assessment Year Assessment YearAssessment Year Assessment Year : 2 : 2: 2 : 20 00 014 1414 14- -- -15 1515 15 M/s Ajanta Chemicals M/s Ajanta Chemicals M/s Ajanta Chemicals M/s Ajanta Chemicals Industries, Industries,Industries, Industries, 3 Oak Drive, 3 Oak Drive, 3 Oak Drive, 3 Oak Drive, DLF Chhata DLF ChhataDLF Chhata DLF Chhatarpur, rpur,rpur, rpur, New Delhi New Delhi New Delhi New Delhi – –– – 110 030. 110 030.110 030. 110 030. PAN : AAVFA1512A. PAN : AAVFA1512A.PAN : AAVFA1512A. PAN : AAVFA1512A. Vs. Vs.Vs. Vs. Principal Commissioner of Principal Commissioner of Principal Commissioner of Principal Commissioner of Income Tax, Income Tax,Income Tax, Income Tax, Delhi DelhiDelhi Delhi- -- -11, 11,11, 11, New Delhi. New Delhi.New Delhi. New Delhi. (Appellant) (Respondent) Appellant by : Shri Mihir Agarwal, Advocate (through Virtual mode). Respondent by : Shri Aasish Mohanty, CIT-DR. Date of hearing : 30.11.2023 30.11.202330.11.2023 30.11.2023 Date of pronouncement : 30.11.2023 30.11.202330.11.2023 30.11.2023 ORDER ORDER ORDER ORDER PER G.S. PANNU PER G.S. PANNUPER G.S. PANNU PER G.S. PANNU, , , , VP VPVP VP : :: : This Appeal by the assessee for Assessment year 2014-15 is directed against the order of learned PCIT, Delhi-11, New Delhi passed under Section 263 of the Income-tax Act, 1961 (in short ‘the Act’) dated 29 th March, 2019. 2. At the time of hearing before us, the learned counsel for the assessee has filed a letter dated 30 th November, 2023 praying for withdrawal of the instant Appeal as the assessee intends to contest the matter on merits in pursuance to the appeal filed by it before the learned CIT(A) against the consequent assessment order. ITA-476/Del/2020 2 3. Learned CIT-DR has no objection to the prayer of the assessee for withdrawal of the Appeal. 4. Without going into its merit, the request of the assessee for withdrawal of the Appeal is accepted. 5. Accordingly, the appeal of the assessee is dismissed as withdrawn. Above decision was announced in the open Court on conclusion of Hearing on 30 th November, 2023. Sd/- Sd/- ( (( (ANUBHAV SHARMA ANUBHAV SHARMAANUBHAV SHARMA ANUBHAV SHARMA) )) ) (G.S. PANNU (G.S. PANNU(G.S. PANNU (G.S. PANNU) )) ) JUDICIAL JUDICIAL JUDICIAL JUDICIAL MEMBER MEMBERMEMBER MEMBER VICE PRESIDENT VICE PRESIDENTVICE PRESIDENT VICE PRESIDENT VK. Copy forwarded to: - 1. Appellant 2. Respondent 3. CIT 4. CIT(A) 5. DR, ITAT Assistant Registrar