This article discusses the Income Tax Appellate Tribunal’s decision in ITA No. 743/DEL/2020 where Ardent Infosystems Pvt. Ltd. withdrew its appeal against the income tax assessment for the year 2008-09. The case provides insight into procedural aspects of withdrawing an appeal in tax proceedings.
Ardent Infosystems Pvt. Ltd., a New Delhi based company, had initially appealed against the CIT(A)-1, New Delhi’s decision dated July 6, 2018, for the assessment year 2008-09. However, the company later decided to withdraw the appeal.
On December 29, 2020, Ardent Infosystems filed an application for the withdrawal of its appeal, which was set for a hearing on June 3, 2022. The tribunal, comprising Sh. Saktijit Dey (Judicial Member) and Sh. N. K. Billaiya (Accountant Member), accepted the withdrawal of the appeal, leading to the dismissal of the case.
The decision to withdraw an appeal can stem from various strategic reasons including cost considerations, changes in business strategy, or new evidence that might affect the outcome of the case. This case highlights the tribunal’s process in handling withdrawal applications and the implications for the appellant.
The withdrawal of the appeal by Ardent Infosystems Pvt. Ltd. serves as an example of the procedural aspects and strategic decisions involved in litigation before the Income Tax Appellate Tribunal. The case underscores the importance of well-considered legal strategies in tax disputes.
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