P.Jainex Trade & Finance Pvt. Ltd., Kolkata V. I.T.O.,Ward-9(3), Kolkata

ITA 1595/KOL/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 6929 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 8 month(s) 30 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-04-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Next Hearing Date: 01-04-2021
• Assessment Year: 2014-2015
• Appeal Filed On: 02-07-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

ITA NO. 1595/KOL/2019 ASS ESSMENT YEAR: 2014-2015 P. JAINEX TRADE & FINANCE PVT. LIMITED 1 IN THE INCOME TAX APPELLATE TRIBUNAL, A(SMC) BENCH, KOLKATA [VIRTUAL COURT HEARING] BEFORE SHRI P.M. JAGTAP, VICE-PRESIDENT I.T.A. NO. 1595/KOL/2019 ASSESSMENT YEAR: 2014-2015 P. JAINEX TRADE & FINANCE PVT. LIMITED,............ .................. APPELLANT 25, KALI KRISHNA TAGORE STREET, 4 TH FLOOR, BURRABAZAR, KOLKATA-700007 [PAN:AADCP1156G] -VS.- INCOME TAX OFFICER,................................ ................................ RESPONDENT WARD-9(3), KOLKATA, AAYAKAR BHAWAN, P-7, CHOWRINGHEE SQUARE, KOLKATA-700069 APPEARANCES BY: N O N E, APEARED ON BEHALF OF THE ASSESSEE SHRI JAYANTA KHANRA, JCIT, SR. D.R., APPEARED ON BE HALF OF THE REVENUE DATE OF CONCLUDING THE HEARING : APRIL 01, 2021 DATE OF PRONOUNCING THE ORDER : APRIL 01, 2021 O R D E R THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAI NST THE ORDER OF LD. COMMISSIONER OF INCOME TAX (APPEALS)-15, KOLKATA DA TED 13.03.2019 . 2. IN THIS CASE, THE DIRECTOR OF THE ASSESSEE-COMPA NY HAS MOVED AN APPLICATION DATED 01.04.2021 SEEKING WITHDRAWAL OF THIS APPEAL ON THE GROUND THAT HE HAS DECIDED TO SETTLE THE DISPUTE IN VOLVED IN THE SAID APPEAL UNDER THE DIRECT TAX VIVAD SE VISHWAS ACT, 2 020. THE ASSESSEE HAS DULY FILED THE DECLARATIONS IN FORM NO. 1 AND F ORM NO. 2 AND THE DESIGNATED AUTHORITY HAS ISSUED THE CERTIFICATE IN FORM NO. 3 AS PER SECTION 5(1) OF THE SCHEME ACCEPTING THE ASSESSEES DECLARATION UNDER THE SAME SCHEME. ITA NO. 1595/KOL/2019 ASS ESSMENT YEAR: 2014-2015 P. JAINEX TRADE & FINANCE PVT. LIMITED 2 3. KEEPING IN VIEW THESE FACTS AND CIRCUMSTANCES OF THE CASE INCLUDING ESPECIALLY THE FACT THAT THE ASSESSEE HAS DULY COMP LIED WITH THE NECESSARY REQUIREMENTS UNDER VIVAD SE VISHWAS SCHEME, 2020, T HE PERMISSION AS SOUGHT BY THE DIRECTOR OF THE ASSESSEE-COMPANY IS G RANTED AND THIS APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. 4. IN THE RESULT, THE APPEAL FILED BY THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON APRIL 01, 202 1. SD/- (P.M. JAGTAP) VICE-PRESIDE NT KOLKATA, THE 1 ST DAY OF APRIL, 2021 COPIES TO : (1) P. JAINEX TRADE & FINANCE PVT. LIMITED, 25, KALI KRISHNA TAGORE STREET, 4 TH FLOOR, BURRABAZAR, KOLKATA-700007 (2) INCOME TAX OFFICER, WARD-9(3), KOLKATA, AAYAKAR BHAWAN, P-7, CHOWRINGHEE SQUARE, KOLKATA-700069 (3) COMMISSIONER OF INCOME TAX (APPEALS)-15, KOLKA TA; (4) COMMISSIONER OF INCOME TAX- , (5) THE DEPARTMENTAL REPRESENTATIVE (6) GUARD FILE BY ORDER ASSISTANT REGISTRAR, INCOME TAX APPELLATE TRIBUNAL, KOLKATA BENCHES, KOLKATA LAHA/SR. P.S.