Mohanbhai G. Patel, Surat V. CIT(A)-13, Ahmedabad

ITA 5/SRT/2022

• Counselvise Citation: [2022] 104 COUNSELVISE.COM (IT) 0857 (ITAT-SURAT)
• Duration Of Justice: 9 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-10-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 12-10-2022
• Assessment Year: 2012-2013
• Appeal Filed On: 12-01-2022
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND DR. ARJUN LAL SAINI, ACCOUNTANT MEMBER ITA No. 05/Srt/2022 (Assessment Year: 2012-13) (Physical hearing) Mohanbhai G. Patel, H-8, Indraprasth Row House, Bardoli, Surat-394601. PAN No. AWGPP 6237 L Vs. I.T.O. (International Taxation), Surat Appellant/ assessee Respondent/ revenue Assessee represented by Shri Kiran K Shah, CA Department represented by Shri Ashok B. Koli, CIT-DR Date of hearing 13/10/2022 Date of pronouncement 13/10/2022 Order under Section 254(1) of Income Tax Act PER: PAWAN SINGH, JUDICIAL MEMBER: 1. This appeal by the assessee is directed against the order of the learned Commissioner of Income Tax (Appeals)-13, Ahmedabad (in short, the ld. CIT(A) dated 05/08/2021 for the Assessment year (AY) 2012-13. The assessee has raised following grounds of appeal: “1. The learned CIT(A) grossly erred in confirming addition of Rs. 36,25,000/- being time deposits invested out of alleged unexplained sources of funds as discussed in para 5.7 to 5.16 of the CIT(A) order. 2. The appellant reserves right to add, alter and withdraw any grounds of appeal.” 2. At the time of hearing, the learned Authorised Representative (ld. AR) appearing on behalf of the assessee has stated at bar that the assessee wants to withdraw the present appeal. ITA No.05/Srt/2022 Mohanbhai G. Patel Vs ITO(IT) 2 3. The learned Commissioner of Income Tax-Departmental Representative (CIT-DR) for the revenue has raised no objection, if the Bench permits the assessee to withdraw the present appeal. Therefore, considering the request of the ld. AR, we permit the assessee to withdraw his appeal. 4. In the result, this appeal of the assessee is dismissed as withdrawn. Order pronounced in the open court on 13 th October, 2022. Sd/- Sd/- (Dr. ARJUN LAL SAINI) (PAWAN SINGH) ACCOUNTANT MEMBER JUDICIAL MEMBER Surat, Dated: 13/10/2022 *Ranjan Copy to: 1. Assessee – 2. Revenue - 3. CIT(A) 4. CIT 5. DR 6. Guard File By order Sr.Private Secretary, ITAT, Surat