https://www.taxtmi.com/caselaws?id=427418 The Court allowed the withdrawal of the revision petition under Section 264 of the Income Tax Act, emphasizing the right of a litigant to withdraw a matter before a final decision. The Court set aside the revisional authority's decision to proceed with the merits and remanded the matter for reconsideration of the withdrawal application, granting the revisional authority discretion to dismiss the withdrawal with valid reasons. Compliance with the order was directed within 60 days, and the petition was disposed of accordingly. en-us Fri, 02 Sep 2022 00:00:00 +0530 Thu, 08 Sep 2022 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427418 The Court allowed the withdrawal of the revision petition under Section 264 of the Income Tax Act, emphasizing the right of a litigant to withdraw a matter before a final decision. The Court set aside the revisional authority's decision to proceed with the merits and remanded the matter for reconsideration of the withdrawal application, granting the revisional authority discretion to dismiss the withdrawal with valid reasons. Compliance with the order was directed within 60 days, and the petition was disposed of accordingly. Case-Laws Income Tax Fri, 02 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427418