M/s Saraf Company Pvt. Ltd., Kolkata V. I.T.O,Ward-9(4), Kolkata

ITA 1432/KOL/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 5787 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 3 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-10-2020
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2014-2015
• Appeal Filed On: 11-06-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: JAYANTA KHANRA
• Assessee Lawyers: DEEPIKA KHATER
• Keywords: Competent authority

Judgement Text

1 ITA NO1432/KOL/2019 M/S SARAF COMPANY PVT. LTD.., AY. 2014-15 , SMC , IN THE INCOME TAX APPELLATE TRIBUNAL SMC BENCH: K OLKATA ( . . , ) [BEFORE SHRI A. T. VARKEY, JM] I.T.A. NO. 1432/KOL/2019 ASSESSMENT YEARS: 2014-15 M/S SARAF COMPANY PVT. LTD. (PAN: AADCS 8906 M ) VS. ITO, WARD-9(4), KOLKATA APPELLANT RESPONDENT DATE OF HEARING (VIRTUAL) 01.10.2020 DATE OF PRONOUNCEMENT 01.10.2020 FOR THE APPELLANT SMT. DEEPIKA KHATER, AR FOR THE RESPONDENT SHRI JAYANTA KHANRA, JCIT SR. DR ORDER THIS APPEAL IS PREFERRED BY THE ASSESSEE AGAINST THE ORDER OF LD. CIT(A)-15, KOLKATA DATED 15/02/2019 FOR A Y. 2014-15. 2. AT THE OUTSET, THE LD. AR SMT. DEEPIKA KHATER D REW OUR ATTENTION TO THE FACT THAT THE APPELLANT- ASSESSEE HAS DECIDED TO OPT FOR THE DIRE CT TAX VIVAD SE VISWAS SCHEME, 2020 (HEREINAFTER, THE SCHEME). IN THE LIGHT OF THE AF ORESAID FACT SINCE THE ASSESSEE INTENDS TO OPT FOR THE SAID SCHEME OF DIRECT TAX VIVAD SE VISWAS S CHEME, 2020, THERE IS NO POINT IN KEEPING THE IMPUGNED APPEAL PENDING. 3. IN THE LIGHT OF THE AFORESAID DISCUSSION, WE TRE AT THIS APPLICATION INFORMING US THE FACT THAT ASSESSEE INTENDS TO OPT FOR THE SAID SCHEME AN D THEREFORE, WE ALLOW THE ASSESSEE TO WITHDRAW THE IMPUGNED APPEAL. IN CASE, IF THE COMPE TENT AUTHORITY AS PER THE SCHEME DOES NOT ACCEPT THE ASSESSEES INTENTION TO OPT FOR THE VIVAD SE VISWAS SCHEME, 2020, THEN THE ASSESSEE IS AT LIBERTY TO MOVE AN APPLICATION FOR R ECALLING THIS ORDER. WITH THE AFORESAID CAVEAT, WE ALLOW THE ASSESSEE TO WITHDRAW THE CAPTI ONED APPEAL. 2 ITA NO1432/KOL/2019 M/S SARAF COMPANY PVT. LTD.., AY. 2014-15 4. NEEDLESS TO SAY THAT OUR AFORESAID ACTION ALLOWI NG THE ASSESSEE TO WITHDRAW THE APPEAL, WILL NOT PRECLUDE THE COMPETENT AUTHORITY O F REVENUE TO ACCEPT THE ASSESSEES SAID OPTION / SCHEME FOR AVAILING VIVAD SE VISWAS SCHEM E, 2020. 5. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMI SSED AS WITHDRAWN. ORDER IS PRONOUNCED IN THE OPEN COURT ON 1 ST OCTOBER, 2020. SD/- (J. SUDHAKAR REDDY) (A. T. VARKEY) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 1 ST OCTOBER, 2020 SB, SR. PS COPY OF THE ORDER FORWARDED TO: 1. APPELLANT M/S SARAF COMPANY PVT. LTD., 2, JOGE NDRA KAVIRAJ ROW, BURRABAZAR, 1 ST FLOOR, WEST BENGAL-700007 2 RESPONDENT ITO, WARD-9(4), KOLKATA 3. THE CIT(A) 15, KOLKATA (SENT THROUGH E-MAIL) 4. 5. CIT , KOLKATA DR, KOLKATA BENCHES, KOLKATA (SENT THROUGH E-MAIL) / TRUE COPY, BY ORDER, ASSISTANT REGISTRAR