M/s Jagdish Jewellers, Patiala V. Pr. CIT, Patiala

ITA 657/CHANDI/2019

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 0896 (ITAT-CHANDIGARH)
• Duration Of Justice: 1 year(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 04-06-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2014-2015
• Appeal Filed On: 07-05-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: C CHANDRAKANTA CIT DR
• Assessee Lawyers: K P BAJAJ SHRI VIPEN SETHI
• Section: 143(3); 263

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BE NCH A, CHANDIGARH (VIRTUAL COURT) .., !' '# $, % &' BEFORE: SHRI. N.K.SAINI, VP & SHRI , SANJAY GARG, J M ITA NO. 657/CHD/2019 ASSESSMENT YEAR : 2014-15 M/S JAGDISH JEWELLERS ADALAT BAZAR, PATIALA, PUNJAB PR. CIT PATIALA, PUNJAB PAN NO: AABCJ6834B APPELLANT RESPONDENT !' ASSESSEE BY : SHRI K.P. BAJAJ, ADVOCATE SHRI VIPEN SETHI, ADVOCATE #!' REVENUE BY : SMT. C. CHANDRAKANTA (CIT DR) $ %! & DATE OF HEARING : 04/06/2020 '()*! & DATE OF PRONOUNCEMENT : 04/06/2020 &(/ ORDER PER N.K. SAINI, VICE PRESIDENT THIS IS AN APPEAL BY THE ASSESSEE AGAINST THE ORDER DT. 27/03/2019 OF PR. CIT, PATIALA PASSED UNDER SECTION 263 OF THE INCOME TAX ACT, 1961. 2. DURING THE COURSE OF HEARING THE LD. COUNSEL FOR THE ASSESSEE SUBMITTED THAT HE HAS THE INSTRUCTION TO WITHDRAW THIS APPEAL . AN APPLICATION DT. 03/06/2020 WAS ALSO FILED STATING THEREIN AS UNDER: SUBJECT: - WITHDRAWAL OF APPEAL -REQUEST FOR ASSESS MENT YEAR 2014-15 APPEAL NUMBER ITA657/CHANDI/2019 RESPECTED, THE ABOVE NOTED APPEAL IS FIXED FOR 04 TH JUNE 2020. IN THIS CONNECTION IT IS SUBMITTED THAT SINCE ON REASSESSMENT, AFTER SETTING ASIDE THE ORIGINAL ASSESSMENT MADE U/S 143(3) VIDE ORDER DATED 16.08.2016, THE RE TURNED INCOME HAS AGAIN BEEN ACCEPTED BY ID ASSISTANT COMMISSIONER OF INCOM E TAX, CIRCLE, PATIALA VIDE HIS ORDER DATED 30.12.2019(COPY ENCLOSED) THE PRESE NT APPEAL WOULD BECOME 2 INFRACTUOUS. IN THE ABOVE FACTS AND CIRCUMSTANCES O F THE CASE THE ASSESSEE MAY BE ALLOWED TO WITHDRAW THE APPEAL. ENCL/AS ABOVE, YOURS FAITHFULLY, SD/- (COUNSEL FOR THE ASSESSEE) 3. LD. CIT(DR) DID NOT OBJECT IF THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. 4. IN VIEW OF THE ABOVE THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. 5. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISS ED. ORDER PRONOUNCED ON 04/06/2020. SD/- SD/- '# $ .., (SANJAY GARG ) ( N.K. SAI NI) % &'/ JUDICIAL MEMBER / VICE PRESIDENT AG DATE: 04/06/2020 (+! ,-.- COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT 3. $ / CIT 4. $ / 01 THE CIT(A) 5. -2 45&456789 DR, ITAT, CHANDIGARH 6. 8:% GUARD FILE