SHRI ASHWANI MALHOTRA, AMRITSAR V. PRINCIPAL COMMISSIONER OF INCOME TAX -1, AMRITSAR

ITA 73/ASR/2022

AI Insights

The case involved an appeal by Sh. Ashwani Malhotra against the order of the Pr. Commissioner of Income Tax-1, Amritsar, concerning the Assessment Year 2017-18. The appeal was initially filed due to disputes arising from the assessment order. However, following a reassessment by the AO NFAC, Delhi, which accepted the assessee's contentions, the assessee decided to withdraw the appeal. The tribunal, acknowledging the withdrawal request and the absence of objections from the Departmental Representative, dismissed the appeal as infructuous.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 114659 (ITAT-AMRITSAR)
• Duration Of Justice: 11 month(s) 11 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-04-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 11-04-2023
• Assessment Year: 2017-2018
• Appeal Filed On: 01-05-2022
• 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. 73/Asr/2022 Assessment Year: 2017-18 Sh. Ashwani Malhotra, Prop. Malhotra Finance, 102-Super Plaza Market, Cooper Road, Amritsar [PAN: AASPM 6920B] (Appellant) V. Pr. Commissioner of Income Tax-1, Amritsar (Respondent) Appellant by None Respondent by Smt. Rajinder Kaur, CIT- DR Date of Hearing : 12.04.2023 Date of Pronouncement : 13.04.2023 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 16.03.2022 in respect of Assessment Year: 2017-18. I.T.A. No. 73/Asr/2022 Ashwani Malhotra v. Pr. CIT 2 2. At the outset, the ld. counsel for the assessee has submitted vide application dated Nil that the AO NFAC, Delhi while framing the assessment in pursuance of the order passed u/s 263 has accepted the contentions of the assessee, vide assessment order dated 31.03.2023. Therefore, he requested that the appeal of the assessee may be allowed to be withdrawn, by contending in the aforesaid application as under: “With reference to above, it is most respectfully submitted that due to certain unavoidable reasons, I want to withdraw my Appeal No. 73/Asr/2022 in the above said case. Your good self is requested to kindly allow me to for the same. I shall be highly thankful to your good self for this act of kindness. I feel sorry for any inconvenience caused to your Honorable court.” 3. The Ld. D.R. has no objection to the request of the assessee for withdrawal of the appeal. 4. Accordingly, the appeal filed by the assessee is dismissed as infructuous. Order pronounced in the open court on 13.04.2023 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 I.T.A. No. 73/Asr/2022 Ashwani Malhotra v. Pr. CIT 3 (3) The CIT (4) The CIT (Appeals) (5) The DR, I.T.A.T. True Copy By Order