AT & S India Pvt. Ltd. Vs. PCIT, Kolkata-2, Kolkata

Parties Involved

Facts Summary

This appeal was filed by AT & S India Pvt. Ltd. against the order of the Principal Commissioner of Income Tax (PCIT) - Kolkata-2, Kolkata, passed under Section 263 of the Income Tax Act, 1961, for the Assessment Year 2017-18. During the hearing, the counsel for the assessee submitted a letter dated 25.02.2025 requesting the withdrawal of the appeal. The letter stated that the Assessing Officer had computed the Book profit of the appellant under Section 115JB of the Act, amounting to Rs. 43,22,95,288/-, and allowed the appellant's claim as per the return of income for the relevant year. Consequently, the appellant was not willing to pursue the appeal further.…

Legal Issues

• 1. Whether the appeal should be allowed or dismissed as withdrawn?

Judgment Outcome

Decided in favour of Assessee.

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