Manish Satnaliwala, Kolkata V. A.C.I.T.,Circle-61, Kolkata

ITA 1962/KOL/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 0477 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 6 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-03-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2011-2012
• Appeal Filed On: 20-08-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Competent authority
• Section: 250

Judgement Text

TIN THE INCOME TAX APPELLATE TRIBUNAL B (VIRTUAL COURT HEARING), BENCH KOLKATA BEFORE SRI J. SUDHAKAR REDDY, ACCOUNTANT MEMBER & SRI A.T. VARKEY, JUDICIAL MEMBER I.T.A. NO.1962/KOL/2019 ASSESSMENT YEAR: 2011-12 MANISH SATNALIWALA................................................... APPELLANT C/O SUBASH AGARWAL & ASSOCIATES, ADVOCATES SIDDHA GIBSON, 1, GIBSON LANE, SUITE 213, 2 ND FLOOR, KOLKATA-700069. [PAN :AMAPS0462Q] ACIT, CIRCLE-61, KOLKATA. ...RESPONDENT I.T.A. NO.1519/KOL/2019 ASSESSMENT YEAR: 2014-15 M/S AMBRELLA CAP FIN PVT. LTD.................................................... APPELLANT 22B, RAJENDRA MULLICK STREET, KOLKATA-700007. [PAN :AABCK3152B] ITO, WARD-9(4), KOLKATA. ...RESPONDENT I.T.A. NO.05/KOL/2021 & M.A NO.05/KOL/2021 ASSESSMENT YEAR: 2012-13 M/S SHYAM METALICS AND ENERGY LTD. ................................................... APPELLANT (M/S FOR AMAZING VINIMAY PVT. LTD. SINCE AMALGAMATED) 83, 7 TH FLOOR, TRINITY TOWERS, TOPSIA ROAD, KOLKATA. [PAN : AAHCS5842A] DCIT, CENTRAL CIRCLE-1.1, KOLKATA. ..RESPONDENT APPEARANCES BY: NONE SHRI JAYANTA KHANGRA, JCIT, DR, APPEARED ON BEHALF OF THE RESPONDENT. DATE OF CONCLUDING THE HEARING : MARCH 05, 2021 DATE OF PRONOUNCING THE ORDER : MARCH 05, 2021 2 I.T.A. NO.1962/KOL/2019 MANISH SATNALIWALA I.T.A. NO.1519/KOL/2019 M/S AMBRELLA CAP FIN PVT. LTD I.T.A. NO.05/KOL/2021& M.A NO.05/KOL/2021 M/S SHYAM METALICS AND ENERGY LTD. ORDER PER BENCH:- ALL THESE APPEALS FILED BY THE ASSESSEE ARE DIRECTED AGAINST THE SEPARATE ORDERS OF THE LD. COMMISSIONER OF INCOME TAX (APPEALS) (HEREINAFTER THE LD. CIT(A)) PASSED U/S 250 OF THE INCOME TAX ACT, 1961 (THE ACT). 2. NONE APPEARED ON BEHALF OF THE ASSESSEES. AT THE OUTSET, IT IS NOTICED FROM THE LETTERS OF THE LD. ARS OF THE ASSESSEES THAT THE ASSESSEES HAD FILED FORM 1 AND 2 UNDER THE DIRECT TAX VIVAD SE VISHWAS ACT IN RESPECT OF THESE APPEAL AND THE COMPETENT AUTHORITY HAS ISSUED FORM NO. 3, A COPY OF THE SAID LETTERS ALONG WITH FORM NO. 3 IS AVAILABLE IN FILE, WHICH IS BEFORE US. THEREFORE, TAKING INTO CONSIDERATION THE FACT THAT SINCE THE ASSESSEES HAVE OPTED FOR THE VIVAD SE VISHWAS SCHEME , THERE IS NO POINT IN KEEPING THE IMPUGNED APPEALS PENDING. IN THE LIGHT OF THE AFORESAID DISCUSSION AND THE FACT THAT ASSESSEES HAVE OPTED FOR THE SAID SCHEME AND FORM 3 HAS BEEN ISSUED BY THE DEPARTMENT, THEREFORE, WE ALLOW THE ASSESSEES TO WITHDRAW THE IMPUGNED APPEALS. 3. IN THE RESULT, ALL THE APPEALS OF ASSESSEES ARE DISMISSED AS WITHDRAWN. KOLKATA, THE 5 TH MARCH, 2021. SD/- SD/- [ A. T. VARKEY ] [J. SUDHAKAR REDDY] JUDICIAL MEMBER ACCOUNTANT MEMBER DATED : 05.03.2021 RS COPY OF THE ORDER FORWARDED TO: 1 . (I) MANISH SATNALIWALA (II) M/S AMBRELLA CAP FIN PVT. LTD (III) M/S SHYAM METALICS AND ENERGY LTD. 2.(I) ACIT, CIRCLE-61, KOLKATA (II) ITO, WARD-9(4), KOLKATA (III) DCIT, CENTRAL CIRCLE-1.1, KOLKATA 3 I.T.A. NO.1962/KOL/2019 MANISH SATNALIWALA I.T.A. NO.1519/KOL/2019 M/S AMBRELLA CAP FIN PVT. LTD I.T.A. NO.05/KOL/2021& M.A NO.05/KOL/2021 M/S SHYAM METALICS AND ENERGY LTD. 3. CIT(A)- 4. CIT- , 5. CIT(DR), TRUE COPY BY ORDER ASSISTANT REGISTRAR , KOLKATA BENCHES