Varroc Polymers Pvt.Ltd, Aurangabad V. Pr. Commissioner of Income-tax -2, Aurangabad

ITA 738/PUN/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 8140 (ITAT-PUNE)
• Duration Of Justice: 1 year(s) 2 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-07-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2014-2015
• Appeal Filed On: 08-05-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 143(3); 201; 13; 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH B, PUNE VIRTUAL COURT BEFORE SHRI R.S. SYAL, VICE PRESIDENT AND SHRI PARTHA SARATHI CHAUDHURY, JUDICIAL MEMBER ITA NO. 738 /PUN/2019 / ASSESSMENT YEAR : 20 14 - 15 VARROC POLYMERS PVT. LTD ., GUT NO.99, PAITHAN ROAD, VILLAGE PHAROLA, AURANGABAD 431136 PAN : AABCM2508F ....... / APPELLANT / V/S. THE PR. COMMISSIONER OF INCOME - TAX - 2, AURANGABAD / RESPONDENT ASSESSEE BY : SHRI KISHORE PHADKE REVENUE BY : SHRI DEEPAK GARG, CIT / DATE OF HEARING : 1 6 - 07 - 2020 / DATE OF PRONOUNCEMENT : 1 6 - 07 - 2020 / ORDER PER PARTHA SARATHI CHAUDHU RY, JM : THIS APPEAL PREFERRED BY THE ASSESSEE EMANATES FROM THE ORDER OF THE LD. PR. CIT - 2 , AURANGABAD , DATED 2 0.0 3 .2019. 2. BEFORE US, THE ASSESSEE HAS FILED A LETTER DATED 13 - 0 7 - 2020, SEEKING WITHDRAWAL OF THE APPEAL. THE RELEVANT CONTENTS OF SUCH WITHDRAWAL LETTER, READ AS UNDER : APPELLANT HAS FILED AN APPEAL ON 08/05/2019 AGAINST ORDER DATED 20/0 3/2019, PASSED BY LEARNED PCIT - 1, AURANGABAD U/S 263 OF ITA, 1961. DIRECTION OF THE LEARNED PCIT - 1 IS AS FOLLO WS, ITA NO . 738 /P UN / 201 9 VARROC POLYMERS PVT. LTD. 2 AO IS DIRECTED THAT THE ASSESSMENT ORDER SHOULD BE REFRAMED AS PER THE PROVISIONS OF THE LAW, AFTER CONSIDERING PROPER FACTS AND SUBMISSIONS OF THE ASSESSEE AND ALSO FOR NECESSARY VERIFICATION IN THE LIGHT OF THE OBSERVATIONS MADE IN 263 ORDER, AFTER AFFORDING PROPER OPPORTUNITY TO THE ASSESSEE WITHIN THE TIME ALLOWED UNDER ITA, 1961. AFTER CONSIDERING THE APPELLANTS SUBMISSIONS, THE LEARNED AO ON 25/12/2019 PASSED ASSESSMENT ORDER U/S 143(3) R.W.S. 263 OF ITA, 1961 BY ACCEPTING THE ASSESSED INCOME. SINCE, ASSESSED INCOME IS NOT DISTURBED, APPELLANT WISHES TO WITHDRAW THE APPEAL FILED BEFORE HONBLE PUNE ITAT. PRAYER CONSIDERING THE ABOVE, APPELLANT REQUEST YOUR GOODSELF TO KINDLY ALLOW APPELLANT TO WITHDRAW THE APPEAL AND OBLIGE. 3. ON PERUSAL OF THE ABOVE LETTER AND HAVING NO OBJECTION FROM THE SIDE OF LD. DR, WE ALLOW THE REQUEST OF THE ASSESSEE TO WITHDRAW THE APPEAL. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE O PEN C OURT ON 1 6 TH JULY , 2020 . SD/ - SD/ - R.S. SYAL PARTHA SARATHI CHAUDHURY VICE PRESIDENT JUDICIAL MEMBER / PUNE; / DATED : 16 TH JULY, 2020 GCVSR / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT. 2. / THE RESPONDENT 3 . DR, ITAT, B BENCH, PUNE. 4 . / GUARD FILE. // // TRUE COPY// / BY ORDER, / SR. PRIVATE SECRETARY , / ITAT, PUNE