In a swift and uncontested hearing, the Income Tax Appellate Tribunal (ITAT) in Nagpur dismissed the tax appeal filed by real estate company Harmony Homes. The company decided to withdraw its challenge against the Principal Commissioner of Income Tax's order for the Assessment Year 2019-20.
ItatTax AppealReal EstateHarmony HomesLitigationReal EstateJul 10, 2025
The Income Tax Appellate Tribunal (ITAT) is a quasi-judicial body in India that hears appeals against orders passed by the Commissioner of Income Tax. It is designed to provide a forum for resolving tax disputes between taxpayers and the tax department.
Harmony Homes, represented by its authorized representative Mahavir Atal, declared it was no longer interested in pursuing the matter. The specific reasons for the withdrawal were not detailed in the hearing.
An appeal dismissed as 'not pressed' does not affect the legal validity of the initial assessment or the order passed by the Principal Commissioner of Income Tax. It simply means the case is closed without further contest.
The Department was represented by Shri Sandipkumar Salunke at the hearing.
The hearing concluded in less than a day, with both parties in agreement and no detailed arguments or contentions recorded.
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