M/s Pranay Vinimay Pvt. Ltd., Kolkata V. I.T.O.,Ward-8(3), Kolkata

ITA 1663/KOL/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 5788 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 2 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: 11-07-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: JAYANTA KHANRA
• Keywords: Competent authority

Judgement Text

ITA NO. 1663/KOL/2019 M/S PRANAY VINIMAY PVT. LTD., A.Y. 2014-15 , SMC , IN THE INCOME TAX APPELLATE TRIBUNAL SMC BENCH: K OLKATA ( . . , ) [BEFORE SHRI A. T. VARKEY, JM] I.T.A. NO. 1663/KOL/2019 ASSESSMENT YEARS: 2014-15 M/S PRANAY VINIMAY PVT. LTD. (PAN:AABCP 8515 F ) VS. ITO, WARD-8(3), KOLKATA APPELLANT RESPONDENT DATE OF HEARING (VIRTUAL) 01.10.2020 DATE OF PRONOUNCEMENT 01. 10.2020 FOR THE APPELLANT SHRI RAJAT AGARWAL, AR FOR THE RESPONDENT SHRI JAYANTA KHANRA, JCIT, SR. D R ORDER THIS APPEAL IS PREFERRED BY THE ASSESSEE AGAINST TH E ORDER OF LD. CIT(A)-3, KOLKATA DATED 15/05/2019 FOR A.Y. 2014-15. 2. AT THE OUTSET, THE LD. AR SHRI RAJAT AGARWAL DR EW OUR ATTENTION TO THE FACT THAT THE APPELLANT- ASSESSEE HAS DECIDED TO OPT FOR THE DIRECT TAX VIVAD SE VISWAS SCHEME, 2020 (HEREINAFTER, THE SCHEME). IN THE LI GHT OF THE AFORESAID FACT SINCE THE ASSESSEE INTENDS TO OPT FOR THE SAID SCHEME OF DIRE CT TAX VIVAD SE VISWAS SCHEME, 2020, THERE IS NO POINT IN KEEPING THE IMPUGNED APP EAL 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 AND THEREFORE, WE ALLOW THE ASSESSEE TO WITHDRAW THE IMPUGNED APPEAL. IN CASE, IF THE COMPETENT 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 MO VE AN APPLICATION FOR RECALLING THIS ORDER. WITH THE AFORESAID CAVEAT, WE ALLOW THE ASSE SSEE TO WITHDRAW THE CAPTIONED APPEAL. ITA NO. 1663/KOL/2019 M/S PRANAY VINIMAY PVT. LTD., A.Y. 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 SCHEME, 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 IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMI SSED AS WITHDRAWN.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 PRANAY VINIMAY PVT. LTD., 5F, EVERES T, 46C, CHOWRINGHEE ROAD, KOLKATA-700071. 2. RESPONDENT- ITO, WARD-8(3), KOLKATA 3. THE CIT(A)-3, KOLKATA (SENT THROUGH E-MAIL) 4. CIT- , KOLKATA 5. DR, KOLKATA BENCHES, KOLKATA (SENT THROUGH E-MAIL) TRUE COPY BY ORDER ASSISTANT REGISTRAR ITAT, KOLKATA BENCHES, KOLKATA