DCIT,Circle-2(1), Kolkata V. M/s. Amrit Hatcheries(P)Ltd, Kolkata

ITA 1720/KOL/2019

• Counselvise Citation: [2024] 101 COUNSELVISE.COM (IT) 7029 (ITAT-KOLKATA)
• Duration Of Justice: 4 year(s) 10 month(s) 6 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-05-2024
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 12-05-2024
• Assessment Year: 2015-2016
• Appeal Filed On: 21-07-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Liquidation

Judgement Text

आयकर अपील य अ धकरण, कोलकाता पीठ “सी’’, कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH: KOLKATA ी राजेश क ु मार, लेखा सट य एवं ी द प क ु मार चौबे, या यक सद य के सम [Before Shri Rajesh Kumar, Accountant Member & Shri Pradip Kumar Choubey, Judicial Member] I.T.A. No. 1720/Kol/2019 Assessment Year: 2015-16 DCIT, CC-2(1), Kolkata Vs. M/s Amrit Hatcheries Pvt. Ltd. (PAN: AACCA 5987 F) Appellant / )अपीलाथ#( Respondent /( %यथ#) Date of Hearing / स ु नवाई क( त*थ 13.05.2024 Date of Pronouncement/ आदेश उ-घोषणा क( त*थ 28.05.2024 For the Appellant/ नधा34रती क( ओर से None For the Respondent/ राज व क( ओर से Shri Sanjay Mukherjee, CITDR ORDER / आदेश Per Rajesh Kumar, AM: This is the appeal preferred by the revenue against the order of the Ld. Commissioner of Income Tax (Appeals)-22, Kolkata (hereinafter referred to as the Ld. CIT(A)”] dated 30.04.2019 for the AY 2015-16. 2. At the time of hearing when the appeal was called up for hearing no one was present on behalf of the assessee to argue the case. The ld. CITDR submitted before the Bench that in the impugned case the assessee company has gone into liquidation and National Law Company Tribunal, Kolkata Bench vide order dated 25.02.2020 has 2 I.T.A. No.1720/Kol/2019 Assessment Year: 2015-16 M/s Amrit Hatcharies Pvt. Ltd. already passed the order appointing official liquidator and therefore the case may be decided accordingly. 3. With the assistance of Ld. D.R, we have perused the facts on record including the decision of NCLT, Kolkata vide order dated 25.02.2020. We find from the said decision that application u/s 9 of Insolvency and Bankruptcy Code, 2016 (in short I& B Code) read with Rule 6 of Insolvency and Bankruptcy Code (application to adjudicating authority) Rules, 2016 for initiation of corporate insolvency process against the assessee. In view of the said order of NCLT, the appeals of the revenue before us becomes not maintainable as all the litigation against or by the impugned assessee shall come to an end and all the dues/liability owed to Central Government by way of tax duty or any other cess would be extinguished. Accordingly we are inclined to dismiss the appeal of the revenue. 4. In the result, the appeal of the revenue is dismissed. Order is pronounced in the open court on 28 th May, 2024 Sd/- Sd/- (Pradip Kumar Choubey / द प क ु मार चौबे) (Rajesh Kumar/राजेश क ु मार) Judicial Member/ या यक सद य Accountant Member/लेखा सद य Dated: 28 th May, 2024 SM, Sr. PS 3 I.T.A. No.1720/Kol/2019 Assessment Year: 2015-16 M/s Amrit Hatcharies Pvt. Ltd. Copy of the order forwarded to: 1. Appellant- DCIT, CC-2(1), Kolkata 2. Respondent- M/s Amrit Hatcharies, 158, Lenin Sarani, Kolkata-700013. 3. Ld. CIT(A)-22, Kolkata 4. Pr. CIT- , Kolkata 5. DR, Kolkata Benches, Kolkata (sent through e-mail) True Copy By Order Assistant Registrar ITAT, Kolkata Benches, Kolkata