InterGlobe Enterprises P.Ltd, New Delhi V. ACIT, Circle 10(1), New Delhi

ITA 803/DEL/2023

AI Insights

The case involved Inter Globe Enterprises P. Ltd., the appellant, who filed an appeal against the order of the Ld. CIT(A)/NFAC concerning the assessment year 2017-18. The primary contention in the appeal was related to the disallowance made under section 14A of the Income Tax Act. However, subsequent to the filing of the appeal, the Assessing Officer issued an order on 17.02.2023, which was given effect on 22.03.2023, deleting the disallowance. This action was in accordance with the earlier order of the Ld. CIT(A). Consequently, the assessee, represented by Ms. Somya Jain, CA, sought to withdraw the appeal, which was unopposed by the revenue side, represented by Shri Waseem Arshad, CIT (DR).

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 121993 (ITAT-DELHI)
• Duration Of Justice: 4 month(s) 10 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 02-08-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 02-08-2023
• Assessment Year: 2017-2018
• Appeal Filed On: 22-03-2023
• Laws Referred To: Income Tax Act
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 143(3); 14A; 250

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: C: NEW DELHI BEFORE SHRI CHANDRA MOHAN GARG, JUDICIAL MEMBER AND SHRI PRADIP KUMAR KEDIA, ACCOUNTANT MEMBER ITA No.803/Del/2023 Assessment Year: 2017-18 Inter Globe Enterprises P. Ltd. 3 rd Floor, Dr. Gopal Das Bhawan, 28 Barakhamba Road, New Delhi 110001 PAN AAACG3351K vs. The ACIT, Circle 10(1), New Delhi (Appellant) (Respondent) For Assessee: Ms. Somya Jain, CA For Revenue: Shri Waseem Arshad, CIT (DR) Date of Hearing : 03.08.2023 Date of Pronouncement : 03.08.2023 ORDER PER CHANDRA MOHAN GARG, J.M. This appeal has been filed by the assessee against the order of Ld. CIT(A)/NFAC dated 24.01.2023 for A.Y. 2017-18 2. The Ld. Counsel of the assessee filed an application seeking withdrawal of appeal by submitting that the appellant has received a copy of the order dated 17.02.2023 (DIN generated on 22.03.2023) issued u/s. 250 r.w.s 143(3) of the Act, given effect to the order of Ld. CIT(A), wherein the Assessing Officer, inter alia, deleted the entire disallowance made u/s. 14A of the Act. The Ld. Counsel, therefore, submitted that assessee may kindly be allowed to withdraw its appeal. The Ld. CIT(DR) placed no objection to the said prayer of the assessee. 3. In view of above, the appeal of the assessee is dismissed as withdrawn. Order pronounced in the open court on 03.08.2023. Sd/- Sd/- (PRADIP KUMAR KEDIA) (CHANDRA MOHAN GARG) ACCOUNTANT MEMBER JUDICIAL MEMBER Dated: 03 rd August, 2023. NV/- ITA No. 803/Del/2023 2 Copy forwarded to : 1. Appellant 2. Respondent 3. CIT 4. CIT(A) 5. DR // By Order // Asstt. Registrar, ITAT, New Delhi