The A.C.I.T.,Circle-1,Ludhiana. Vs. Paramount Impex, D/202, Phase VI, Ludhiana.Focal Point, Lludhiana
June, 06th 2012
IN THE INCOME TAX APPELLATE TRIBUNAL
CHANDIGARH BENCHES `B' CHANDIGARH
BEFORE SHRI H.L.KARWA, HON'BLE, VICE PRESIDENT
AND SHRI MEHAR SINGH, ACCOUNTANT MEMBER
ITA No. 1006/Chd/2011
Assessment Year: 2004-05
M/s King Exports, Vs The ACIT, Circle-1,
PAN No. AADFK3575F
Appellant By : Shri Ashok Kumar Juneja
Respondent By : Smt. Jaishree Sharma
Date of hearing : 05.06.2012
Date of Pronouncement : 05.06.2012
PER H.L.KARWA, VP
This appeal filed by the assessee is directed against the order of
CIT(A)-I, Ludhiana dated 8.9.2011 relating to assessment year 2004-05.
2. Shri Ashok Kumar Juneja, Advocate, Ld. counsel for the assessee vide
his application dated 5.6.2012 stated as under:-
Sub:- In the matter of Kings Export Ludhiana / AY 2004-
05/ACIT (Circle-I) Ludhiana /1006-Chandigarh- 2011
It is submitted that Hon'ble HC of Pb & Haryana in ITA
No.306/2011 for AY 2004-05 has allowed substantial relief to
assessee u/s 80HHC stating that the issue regarding deduction u/s
80 HHC may be remanded to AO with direction to decide the case
as per Topman Exports v CIT (Mumbai) (2012) 67 DTR (SC) 185.
In view of above I may be permitted to withdraw the appeal No.
1006/Chd/2011. The other issue raised in the appeal may be
treated as not pressed.
(Ashok Kumar Juneja), Advocate
3. In view of the above Application, we grant permission to the assessee
to withdraw the above appeal.
4. In the result, appeal is dismissed.
Order Pronounced in the Open Court on this 5 t h day of June, 2012
(MEHAR SINGH) (H.L.KARWA)
ACCOUNTANT MEMBER VI CE PRESIDENT
Dated : 5 t h June, 2012
1. The Appellant
2. The Respondent
3. The CIT
4. The CIT(A)
5. The DR