Appeal
This query is : Open
12 August 2015
An order u/s 143(3) for A Y 2008-09 was passed by Income Tax Officer by adding "Sundry Debtors w/off amount". Refund was granted by ITO after the addition of above amount.
The assessee preferred appeal against the above order and the matter is pending with CIT (Appeals).
Now if the assessee withdraws the appeal what will be the consequences ?
The assessee preferred appeal against the above order and the matter is pending with CIT (Appeals).
Now if the assessee withdraws the appeal what will be the consequences ?
12 August 2015
Assessee has 'no power' to withdraw an appeal as per Income tax Act,1961. However, the assessee can abstain from'enter appearance' when the appeal is posted for hearing which leads to an ex party order from the CIT (Appeals).
12 August 2015
Whether there will be any tax, interest or penalty payable in case of ex parte order ?
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