SMT RANI DEVI , BATHINDA V. PRINCIPAL COMMISSIONER OF INCOME TAX -1, AMRITSAR

ITA 70/ASR/2022

AI Insights

This case involves an appeal by Smt. Rani Devi against the order of the Principal Commissioner of Income Tax-1, Amritsar, concerning the assessment year 2017-18. The appeal was initially filed under section 263 of the Income Tax Act. However, during the proceedings, the Principal Commissioner directed the Assessing Officer to reassess the case, which resulted in a favorable outcome for the assessee under sections 143(3) and 263. Consequently, the assessee requested to withdraw the appeal, which was unopposed by the Departmental Representative.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 114658 (ITAT-AMRITSAR)
• Duration Of Justice: 1 year(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-05-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 16-05-2023
• Assessment Year: 2017-2018
• Appeal Filed On: 21-04-2022
• Laws Referred To: Income Tax Act
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH, AMRITSAR BEFORE DR. M. L. MEENA, ACCOUNTANT MEMBER AND SH. ANIKESH BANERJEE, JUDICIAL MEMBER I.T.A. No. 70/Asr/2022 Assessment Year: 2017-18 Smt. Rani Devi W/o Sh. Pardeep Kumar Goyal, R/o 861-Ward-49, Shakti Nagar, Bathinda [PAN: ABNPD 2279E] (Appellant) V. The Pr. Commissioner of Income Tax-1, Amritsar (Respondent) Appellant by Sh. Sudhir Sehgal, AR Respondent by Sh. Girish Bali, CIT-DR Date of Hearing : 17.05.2023 Date of Pronouncement : 18.05.2023 ORDER Per Dr. M. L. Meena, AM: This appeal has been filed by the assessee against the order of the Ld. Pr. Commissioner of Income Tax-1, Amritsar dated 04.03.2022 in respect of AY 2017-18. ITA No. 70/Asr/2022 Rani Devi v. Pr. CIT 2 2. The Ld. Counsel for the assessee has filed an application dated 15.05.2023, requesting to withdraw the appeal, contending as under: “It is very humbly submitted that the above said appeal was filed by the assessee against the order of Ld. PCIT u/s 263 before the Hon’ble Bench and in the meanwhile, the Ld. PCIT has also given direction to the Assessing Officer concerned to make the assessment afresh and the Ld. Assessing Officer in reassessment proceedings, has passed the order u/s 143(3)/263 in favour of assessee. Copy of the order of Assessing Officer u/s 143(3)/263 is being enclosed herewith. It is, therefore, very humbly requested that the above appeal may, please, be permitted to be withdrawn since it is revenue neutral exercise.” 3. The Ld. D.R. has no objection. 4. Accordingly, the Ld. Counsel is allowed to withdraw the appeal. 5. In the result, the appeal filed by the assessee is dismissed as withdrawn. Order pronounced in the open court on 18.05.2023 Sd/- Sd/- (Anikesh Banerjee) (Dr. M. L. Meena) Judicial Member Accountant Member *GP/Sr./P.S.* Copy of the order forwarded to: (1)The Appellant (2) The Respondent (3) The CIT (4) The CIT (Appeals) (5) The DR, I.T.A.T. True Copy By Order