Dalmia Bharat Limited, Tiruchirappalli V. Pr. CIT Sambalpur, Sambalpur

ITA 97/CTK/2022

AI Insights

Dalmia Bharat Limited filed an appeal against the order of the Principal Commissioner of Income Tax (Pr. CIT), Sambalpur, concerning the assessment year 2017-18. The appeal was related to an order under section 263 of the Income Tax Act, which allows the Pr. CIT to revise any order passed by the Assessing Officer if it is deemed erroneous and prejudicial to the interests of the revenue. However, before the tribunal could proceed with the case, the Managing Director of Dalmia Bharat Limited submitted a withdrawal petition. This petition was based on a subsequent order by the Assessing Officer, which addressed the concerns raised in the Pr. CIT's order under section 263, thereby resolving the issues that were the subject of the appeal.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 300351 (ITAT-CUTTACK)
• Duration Of Justice: 1 year(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-06-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 01-06-2023
• Assessment Year: 2017-2018
• Appeal Filed On: 23-05-2022
• Laws Referred To: Income Tax Act
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, BEFORE AND Dalmia Bharat Limited, Dalmia Puram, Lalgudi, Tiruchirapalli, Tamilnadu PAN/GIR No. (Appellant Per George Mathan, JM This is an appeal filed by the assessee ag the Act passed by No. ITBA/REV/F/REV5/2021 2017-18. 2. Vide petition dated Apr Managing Director of the assessee appeal on the ground that the Assessing Officer has passed the order dated 29.3.2023 giving effect to the order of the Ld. Pr. CIT u/s.263 , wherein, IN THE INCOME TAX APPELLATE TRIBUNAL, CUTTACK BENCH, CUTTACK BEFORE S/SHRI GEORGE MATHAN, JUDICIAL AND RAMIT KOCHAR, ACCOUNTANT MEMBER ITA No.97/CTK/2022 Assessment Year : 2017-18 Dalmia Bharat Limited, Dalmia Puram, Lalgudi, Tiruchirapalli, Tamilnadu Vs. Pr. CIT, Sambalpur PAN/GIR No.AABCO 8750 F (Appellant) .. ( Respondent Assessee by : None (Withdrawal petition) Revenue by : Shri M.K.Gautam, Pr. CIT (OSD) Date of Hearing : 02 /0 Date of Pronouncement : 02 /0 O R D E R George Mathan, JM This is an appeal filed by the assessee against the order the Act passed by the ld Pr. CIT, Sambalpur, dated ITBA/REV/F/REV5/2021-22/1041607570(1) for the assessment year Vide petition dated April, 06, 2023, Shri Puneet Yadu D Managing Director of the assessee company has sought to withdraw the appeal on the ground that the Assessing Officer has passed the order dated 29.3.2023 giving effect to the order of the Ld. Pr. CIT u/s.263 , wherein, Page1 | 2 IN THE INCOME TAX APPELLATE TRIBUNAL, JUDICIAL MEMBER , ACCOUNTANT MEMBER Pr. CIT, Sambalpur Respondent) : None (Withdrawal petition) Pr. CIT (OSD) 06/2023 /06/2023 ainst the order u/s.263 of dated 26.3.2022 in Appeal for the assessment year il, 06, 2023, Shri Puneet Yadu Dalmia, company has sought to withdraw the appeal on the ground that the Assessing Officer has passed the order dated 29.3.2023 giving effect to the order of the Ld. Pr. CIT u/s.263 , wherein, ITA No.97/CTK/2022 Assessment Year : 2017-18 Page2 | 2 the assessee has been granted relief on the issues raised in the order u/s.263 of the Act, to which, ld Pr. CIT (OSD) did not have any objection. 3. In view of above, we accede to the request of the assessee and permit to withdraw the appeal. 4. In the result, appeal of the assessee stands dismissed as withdrawn. Order dictated and pronounced in the open court on 02/06/2023. Sd/- sd/- (Ramit Kochar) (George Mathan) ACCOUNTANT MEMBER JUDICIAL MEMBER Cuttack; Dated 02/06/2023 B.K.Parida, SPS (OS) Copy of the Order forwarded to : By order Sr.Pvt.secretary ITAT, Cuttack 1. The Appellant : Dalmia Bharat Limited, Dalmia Puram, Lalgudi, Tiruchirapalli, Tamilnadu 2. The Respondent: Pr. CIT, Sambalpur 3. The CIT(A)-, Sambalpur 4. DR, ITAT, Cuttack 5. Guard file. //True Copy//