K.N.Vyapaar Limited (Now Amalgamated with N.S.Fertilisers Pvt. Ltd.), Kolkata V. I.T.O.,Ward-4(4), Kolkata

ITA 2043/KOL/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 6352 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 7 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-04-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2014-2015
• Appeal Filed On: 02-09-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SUPRIYO PAL CIT SR D R REVE
• Assessee Lawyers: N O N E

Judgement Text

ITA NO. 2043/KOL/2019 ASS ESSMENT YEAR: 2014-2015 K.N. VYAPAAR PVT. LIMITED (AMALGAMATED WITH N.S. FERTILIZERS PVT. LIMITED) 1 IN THE INCOME TAX APPELLATE TRIBUNAL, A(SMC) BENCH, KOLKATA [VIRTUAL COURT HEARING] BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER I.T.A. NO. 2043/KOL/2019 ASSESSMENT YEAR: 2014-2015 K.N. VYAPAAR PVT. LIMITED,......................... .......................... APPELLANT (NOW AMALGAMATED WITH N.S. FERTILIZERS PVT. LIMTIED ) 56, NETAJI SUBHAS ROAD, 3 RD FLOOR, KOLKATA-700001 [PAN:AAECK1238P] -VS.- INCOME TAX OFFICER,................................ ................................ RESPONDENT WARD-4(4), KOLKATA, AAYAKAR BHAWAN, P-7, CHOWRINGHEE SQUARE, KOLKATA-700069 APPEARANCES BY: N O N E, APPEARED ON BEHALF OF THE ASSESSEE SHRI SUPRIYO PAL, ADDL. CIT, SR. D.R., APPEARED ON BEHALF OF THE REVENUE DATE OF CONCLUDING THE HEARING : APRIL 16, 2021 DATE OF PRONOUNCING THE ORDER : APRIL 16, 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)-19, KOLKATA DA TED 24.06.2019 . 2. IN THIS CASE, SHRI NARAYAN SARAF, DIRECTOR OF N. S. (FERTILIZERS) PVT. LIMITED HAS MOVED AN APPLICATION DATED 19.03.2021 S EEKING WITHDRAWAL OF THIS APPEAL ON THE GROUND THAT THEY HAVE DECIDED TO SETTLE THE DISPUTE INVOLVED IN THE SAID APPEAL UNDER THE DIRECT TAX VI VAD SE VISHWAS ACT, 2020. THE ASSESSEE HAS DULY FILED THE DECLARATIONS IN FORM NO. 1 AND FORM NO. 2 AND THE DESIGNATED AUTHORITY HAS ISSUED THE CERTIFICATE IN FORM NO. 3 AS PER SECTION 5(1) OF THE SCHEME ACCEPT ING THE ASSESSEES DECLARATION UNDER THE SAME SCHEME. ITA NO. 2043/KOL/2019 ASS ESSMENT YEAR: 2014-2015 K.N. VYAPAAR PVT. LIMITED (AMALGAMATED WITH N.S. FERTILIZERS 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 16, 202 1. SD/- (SATBEER SINGH GODARA) JUDICIAL MEMBE R KOLKATA, THE 16 TH DAY OF APRIL, 2021 COPIES TO : (1) K.N. VYAPAAR PVT. LIMITED, (NOW AMALGAMATED WITH N.S. FERTILIZERS PVT. LIMITED ) 56, NETAJI SUBHAS ROAD, 3 RD FLOOR, KOLKATA-700001 (2) INCOME TAX OFFICER, WARD-4(4), KOLKATA,Z AAYAKAR BHAWAN, P-7, CHOWRINGHEE SQUARE, KOLKATA-700069 (3) COMMISSIONER OF INCOME TAX (APPEALS)-19, KOLK ATA; (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.