Case Number: ITA 1776/DEL/2020
Appellant: Sudhir Kumar, New Delhi
Respondent: ACIT Circle 32(1), New Delhi
Assessment Year: 2016-17
Case Filed On: 2020-10-26
Order Type: Final Tribunal Order
Date of Order: 2023-05-04
Pronounced On: 2023-05-04
This appeal, lodged by Sudhir Kumar against the decision of CIT(A)-11, New Delhi, contested the levy of a penalty under section 271(1)(c) of the IT Act for the assessment year 2016-17.
Initially challenging the penalty levy, the appellant pursued a resolution through the Income Tax Appellate Tribunal, Delhi Bench ‘G’. During the proceedings, the appellant opted to withdraw the appeal, a move acknowledged and approved in the tribunal’s final decision.
The tribunal’s order reflects the final resolution of the dispute, emphasizing the appellant’s decision to withdraw the appeal. This outcome not only concludes the proceedings but also highlights the procedural aspects and legal ramifications of withdrawing an appeal within the judicial framework of the Income Tax Appellate Tribunal.
The withdrawal of the appeal underlines the complexities involved in disputes over penalty levies and the strategic decisions made by appellants in the face of potential prolonged litigation. It demonstrates the legal pathways available for appellants to resolve disputes, including the option to retract their challenge to the assessments made by tax authorities.
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