The Gandhidham Mercantile Co-Op. Bank Ltd. , Gandhidham-Kutch V. The Pr. CIT-1, Rajkot, Rajkot

ITA 97/RJT/2022

AI Insights

The case involves The Gandhidham Mercantile Co-op. Bank Ltd., the Appellant, contesting a Revision order dated 09.02.2022 by the Principal Commissioner of Income Tax, Rajkot-1, for the Assessment Year 2017-18. The Revision order was issued under section 263 of the Income Tax Act, 1961. During the proceedings, the Assessee's counsel, Smt. Aastha Maniar, informed the tribunal that the Assessing Officer did not make any additions while implementing the Revision order. Consequently, the Assessee sought permission to withdraw the appeal, which was granted by the tribunal without any objections from the Revenue, represented by Shri Shramdeep Sinha, CIT-DR.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 138236 (ITAT-RAJKOT)
• Duration Of Justice: 1 year(s) 5 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-09-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 11-09-2023
• Assessment Year: 2017-2018
• Appeal Filed On: 10-04-2022
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 263; 13

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL RAJKOT BENCH, RAJKOT (Conducted Through Virtual Court) Before: Shri Waseem Ahmed, Accountant Member And Shri T.R. Senthil Kumar, Judicial Member The Gandhidham Mercantile Co-op. Bank Ltd. Plot No. 12, GMCB Bhawan, Ravindranath Tagore Road, Section-8, Gandhidham-370201 PAN No: AAAJT0274H (Appellant) Vs The Pr. CIT, Rajkot-1, Rakot (Respondent) Assessee Represented: Smt.Aastha Maniar, A.R. Revenue Represented: Shri Shramdeep Sinha, CIT-DR Date of hearing : 12-09-2023 Date of pronouncement : 13-09-2023 आदेश/ORDER PER : T.R. SENTHIL KUMAR, JUDICIAL MEMBER:- This appeal is filed by the Assessee as against the Revision order dated 09.02.2022 passed by the Principal Commissioner of Income Tax, Rajkot-1, under section 263 of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) relating to the Assessment Year (A.Y) 2017-18. ITA No. 97/Rjt/2022 Assessment Year: 2017-18 I.T.A No. 97/Rjt/2022 A.Y. 2017-18 Page No The Gandhidham Mercantile Co-op. Bank Ltd. Vs. PCIT 2 2. At the outset, the Ld. Counsel Smt. Aastha Maniar appearing for the assessee submitted that while giving effect to the Revision order by the Assessing Officer, no additions were made by the A.O. Therefore the assessee sought permission to withdraw the above appeal filed by the assessee. 3. The Ld. CIT-DR Shri Shramdeep Sinha appearing for the Revenue has no serious objection in withdrawing the above appeal by the assessee. 4. Recording the above submissions of the parties, the appeal filed by the Assessee is hereby dismissed as withdrawn. Order pronounced in the open court on 13 -09-2023 (WASEEM AHMED) (T.R. SENTHIL KUMAR) ACCOUNTANT MEMBER JUDICIAL MEMBER Ahmedabad : Dated 13/09/2023 आदेश कȧ ĤǓतͧलͪप अĒेͪषत / Copy of Order Forwarded to:- 1. Assessee 2. Revenue 3. Concerned CIT 4. CIT (A) 5. DR, ITAT, Ahmedabad 6. Guard file. By order/आदेश से, उप/सहायक पंजीकार आयकर अपीलȣय अͬधकरण, राजकोट