M/s. Panchnath Auto Private Limited, Shapar (Veraval), Rajkot V. The Pr. CIT-1, Rajkot, Rajkot

ITA 53/RJT/2021

AI Insights

The case involved M/s. Panchnath Auto Pvt. Ltd., which appealed against an order passed by the Pr. Commissioner of Income-Tax-1, Rajkot under section 263 of the Income Tax Act, 1961, for the Assessment Year 2012-13. The appeal was initially filed challenging the 263-order. However, the assessee later filed a letter expressing the desire to withdraw the appeal, citing that the issues had been resolved through a subsequent order accepting the returned income. The Tribunal acknowledged the withdrawal request and dismissed the appeal.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 133718 (ITAT-RAJKOT)
• Duration Of Justice: 2 year(s) 2 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-06-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 21-06-2023
• Assessment Year: 2012-2013
• Appeal Filed On: 14-04-2021
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 263

Judgement Text

आयकर अपीलीय अिधकरण आयकर अपीलीय अिधकरणआयकर अपीलीय अिधकरण आयकर अपीलीय अिधकरण, राजकोट 瀈यायपीठ 瀈यायपीठ瀈यायपीठ 瀈यायपीठ, , , , राजकोट IN THE INCOME TAX APPELLATE TRIBUNAL RAJKOT BENCH, RAJKOT (Conducted Through Virtual Court) ] ] BEFORE SMT.ANNAPURNA GUPTA, ACCOUNTANT MEMBER AND SHRI T.R. SENTHIL KUMAR, JUDICIAL MEMBER ITA No.53/RJT/2021 Assessment Year :2012-13 M/s.Panchnath Auto Pvt. Ltd. Survey No.287/1, Shapar Village Road Shapar (Veraval) Rajkot 360 006. PAN : AACCP 8808 L Vs The Pr.CIT-1 Rajkot. (Applicant) (Responent) Assessee by : Shri D.M. Rindani, AR Revenue by : Shri Sudhendu Das, CIT-DR स ु नवाई क तार ख/D a t e o f H e a r i n g : 2 2 / 0 6 / 2 0 2 3 घोषणा क तार ख /D a t e o f P r o n o u n c e m e n t : 2 3 / 0 6 / 2 0 2 3 आदेश/O R D E R PER ANNAPURNA GUPTA, ACCOUNTANT MEMBER The present appeal has been filed by the assessee against order passed by the Ld.Pr.Commissioner of Income-Tax-1, Rajkot (hereinafter referred to as “ld.Pr.CIT” dated 17.02.2021 under section 263 of the Income Tax Act, 1961 ("the Act" for short) pertaining to Assessment Year 2012-13. 2. At the outset, it was brought to our notice that the assessee has filed a letter dated 20.6.2023 stating that the assessee wanted to withdraw its appeal on account of the fact that consequential order u/s.143(3) r.w.s. 263 dated 26-3-2022 has been passed by the AO, wherein returned income has been accepted, and therefore, there remains no grievance in the present appeal against the 263-order, which was challenged and pending before the Tribunal for ITA No.53/RJT/2021 2 adjudication appeal. The letter of the assessed dated 20.6.2023 is placed on record. 3. In the light of the above letter of the assessee stating that since the assessee’s grievance has been resolved by the Department, we allow request of the assessee and dismiss the appeal of the assessee as withdrawn. Order pronounced in the Court on 23 rd June, 2023 at Ahmedabad. Sd/- Sd/- (T.R. SENTHIL KUMAR) JUDICIAL MEMBER (ANNAPURNA GUPTA) ACCOUNTANT MEMBER Ahmedabad, dated 23/06/2023 vk*