M/s. The Peerless General Finance & Investment Co. Ltd., Kolkata V. DCIT, Circle - 3(1), Kolkata

ITA 1071/KOL/2019

• Counselvise Citation: [NaN] 107 COUNSELVISE.COM (IT) 2218 (ITAT-KOLKATA)
• Duration Of Justice: 2 year(s) 9 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 02-03-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2013-2014
• Appeal Filed On: 08-05-2019
• Result in Favour of: Partly Allowed
• Court: TRIBUNAL
• Department Lawyers: SAILEN SAMADDAR
• Assessee Lawyers: PUJA SOMANI
• Section: 32; 147; 131; 68; 246; 69; 145; 27; 148; 54; 37; 6; 56; 263; 63; 132; 12; 28; 144; 10; 90; 154; 2; 11; 15; 271(1)(b); 139; 143(3); 92

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, KOLKATA BENCH “C”, KOLKATA BEFORE SHRI ABY T VARKEY, JUDICIAL MEMBER AND SHRI RAJESH KUMAR, ACCOUNTANT MEMBER ITA No.1071/Kol/2019 Assessment Year: 2013-14 The Peerless General Finance & Investment Co. Ltd. Peerless Bhavan, 3, Esplanade East, Kolkata – 700069. PAN: AABCT3043L Vs. DCIT, Circle – 3(1), Kolkata (Appellant) (Respondent) Present for: Appellant by : Smt. Puja Somani, CA Respondent by : Shri Sailen Samaddar, ACIT Date of Hearing : 02.03.2022 Date of Pronouncement : 02.03.2022 O R D E R PER RAJESH KUMAR, ACCOUNTANT MEMBER: The appeal by the assessee has been preferred against the order dated 08.03.2019 passed by Ld. CIT(A)-1, Kolkata (hereinafter referred to ‘CIT(A)’) which in turn arises out of the assessment order dated 11.02.2016 passed u/s 143(3) by the DCIT, Circle-3(1) (hereinafter referred to as the ‘AO’) 2. At the outset, the ld. counsel of the assessee submitted that the issue under challenge before the Tribunal has been allowed by Ld. CIT(A) in a rectification application filed by the assessee before Ld. CIT(A). Therefore, the assessee may be allowed to withdraw this appeal. The Ld. DR also fairly conceded to this. Accordingly, the appeal of the assessee is dismissed as withdrawn. ITA No.1071/KOL/2019 The Peerless General finance & Investment Co. Ltd. A.Y. 2013-14 2 3. In the result, the captioned appeal of the assessee is dismissed as withdrawn. Order pronounced in the open court on 02.03.2022. Sd/- Sd/- (A. T. VARKEY) (RAJESH KUMAR) JUDICIAL MEMBER ACCOUNTANT MEMBER Kolkata, Dated: 02.03.2022. Biswajit, Sr. P.S. Copy to: The Appellant The Respondent The CIT, Concerned, Kolkata The CIT (A) Concerned, Kolkata The DR Concerned Bench //True Copy// [ By Order Assistant Registrar ITAT, Kolkata Benches, Kolkata