Sh. Chandresh Jain Prop. M/s Prabhat Thread (India) , Ludhiana V. ITO, Ward 2(1), Ludhiana

ITA 699/CHANDI/2022

AI Insights

This case involves an appeal by Shri Chandresh Jain, the proprietor of M/s Prabhat Thread (India), against an order from the Ld. CIT, NFAC, Delhi, dated 23/10/2022, for the Assessment Year 2020-21. During the tribunal hearing, the Assessee's counsel submitted an application to withdraw the appeal, citing that the Assessee had received substantial relief from the Assessing Officer's order under section 154, dated 12/04/2022. The Senior Departmental Representative did not object to the withdrawal of the appeal. Consequently, the tribunal dismissed the appeal as withdrawn.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 127612 (ITAT-NA)
• Duration Of Justice: 4 month(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-04-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: Chandigarh
• Next Hearing Date: 16-10-2023
• Assessment Year: 2020-2021
• Appeal Filed On: 21-11-2022
• Laws Referred To: Income Tax Act
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 154

Judgement Text

आयकर अपील य अ धकरण,च डीगढ़ यायपीठ “ए” , च डीगढ़ IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BENCH “A”, CHANDIGARH ी आकाश द प जैन, उपा य एवं ी #व$म &संह यादव, लेखा सद+य BEFORE: SHRI. AAKASH DEEP JAIN, VP & SHRI. VIKRAM SINGH YADAV, AM ITA NO. 699/Chd/ 2022 Assessment Year : 2020-21 Shri Chandresh Jain, Prop. M/s Prabhat Thread (India), Gali No. 3, Mahavir Colony, G.T. Road, Sunder Nagar, Ludhiana- 141008, Punjab The ITO, Ward 2(1), Ludhiana PAN NO: ABDPJ7395R Appellant Respondent ! " Assessee by : Shri Sudhir Sehgal, Advocate # ! " Revenue by : Smt. Amanpreet Kaur, Sr. DR $ % ! & Date of Hearing : 10/04/2023 '()* ! & Date of Pronouncement : 10/04/2023 आदेश/Order PER VIKRAM SINGH YADAV, A.M. : This is an appeal by the Assessee against the order of the Ld. CIT, NFAC, Delhi dt. 23/10/2022 pertaining to A.Y. 2020-21. 2. During the course of hearing the Ld. Counsel for the Assessee moved an application to withdraw the appeal which reads as under: Reg: Sh. Chandresh Jain Prop. M/s Prabhat Treat (India), Ludhiana ITA No. 699/Chd/2022 for A.Y. 2020-21. The date of hearing in the above said case has been fixed for today before "SMC" Bench of the Tribunal, It is very humbly submitted that the Ld. Assessing Officer has since passed the order u/s 154, wherein, the substantial relief has been granted to the assessee vide order, dated 12.04.2022 and, therefore, in view of the above said order, the necessary benefit has been given to the assessee and, therefore, the assessee does not wish to press the appeal before the Hon'ble Bench and oblige. Thanking you, Yours faithfully, For M/s Prabhat Treat (India) 2 Sd/- Chandresh Jain Proprietor 3. Ld. Sr. DR did not object if the appeal of the assessee is dismissed as withdrawn. 4. In view of the order passed u/s 154 of the Act dt. 12/04/2022, the appeal of the assessee is dismissed as withdrawn. 5. In the result, appeal of the Assessee is dismissed. (Order pronounced in the open Court on 10/04/2023 ) Sd/- Sd/- आकाश द प जैन #व$म &संह यादव (AAKASH DEEP JAIN) ( VIKRAM SINGH YADAV) उपा य / VICE PRESIDENT लेखा सद+य/ ACCOUNTANT MEMBER AG Date: 10/04/2023 ( + ! , - . - Copy of the order forwarded to : 1. The Appellant 2. The Respondent 3. $ / CIT 4. - 0 ग 2 3 & 2 3 456 ग7 DR, ITAT, CHANDIGARH 5. ग 6 8 % Guard File ( + $ By order, 9 # Assistant Registrar