Case Number: ITA 783/DEL/2021
Appellant: Mahamedha Urban Cooperative Bank Ltd., Ghaziabad
Respondent: Pr. CIT, Ghaziabad
Assessment Year: 2016-17
Case Filed on: 2021-06-23
Order Type: Final Tribunal Order
Date of Order: 2022-09-06
Pronounced on: 2022-09-06
This case involves Mahamedha Urban Cooperative Bank Ltd., a cooperative bank based in Ghaziabad, and the Principal Commissioner of Income Tax (Pr. CIT) of Ghaziabad. The appellant filed an appeal against the revision order passed under Section 263 of the Income Tax Act by the Pr. CIT for the assessment year 2016-17.
The appellant challenged the order of the Pr. CIT, Ghaziabad, dated 17.03.2021, which directed the reopening of a concluded assessment and ordered a fresh assessment for the assessment year 2016-17. The appeal was filed on the grounds that the order passed under Section 263 was without jurisdiction and bad in law.
The case was heard by the Income Tax Appellate Tribunal (ITAT) Delhi Bench “E” on 06.09.2022, with Shri Narendra Kumar Billaiya, Accountant Member, and Shri Kul Bharat, Judicial Member, presiding over the matter. The appellant was represented by none as an application for withdrawal of the appeal was submitted, while the respondent was represented by Ms. Rakhi Vimal, CIT (DR).
The appellant, Mahamedha Urban Cooperative Bank Ltd., submitted an application dated 02.09.2022 requesting the withdrawal of its appeal. The application mentioned the following reasons for the withdrawal:
The learned DR raised no objection to the request made by the appellant. Accordingly, the tribunal permitted the withdrawal of the appeal.
The tribunal, after considering the application and the lack of objection from the respondent, granted the request for withdrawal of the appeal. Consequently, the appeal was dismissed as withdrawn.
In conclusion, the appeal filed by Mahamedha Urban Cooperative Bank Ltd. against the order of the Pr. CIT, Ghaziabad, under Section 263 of the Income Tax Act was withdrawn by the appellant. The tribunal dismissed the appeal, acknowledging the withdrawal request and noting that the fresh assessment had been concluded within the stipulated time frame.
Order pronounced in the open Court on 06.09.2022
Signed:
Narendra Kumar Billaiya, Accountant Member
Kul Bharat, Judicial Member
Assistant Registrar, ITAT, New Delhi
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