M/s Kaashvi Somani Minor Beneficiary Trust, Kolkata V. I.T.O.,Ward-35(3), Kolkata

ITA 2045/KOL/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 5833 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 5 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-02-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2015-2016
• Appeal Filed On: 02-09-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Sale consideration of property below Jantri Value
• Section: 250

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C (VIRTUAL COURT HEARING), BENCH KOLKATA BEFORE SRI J. SUDHAKAR REDDY, ACCOUNTANT MEMBER & SRI SANJAY GARG, JUDICIAL MEMBER I.T.A. NOS. 2045&2046/KOL/2019 ASSESSMENT YEARS: 2015-16 M/S KAASHVI SOMANI MINOR BENEFICIARY TRUST................... .......APPELLANT 143/1/1, COTTON STREET, BURRABAZAR, KOLKATA 700007. [PAN :AACTK0850C] VS ITO, WARD-35(3), KOLKATA. .......................RESPONDENT APPEARANCES BY: NONE APPEARED ON BEHALF OF THE ASSESSEE. SHRI DHRUBOJHOTI ROY, JCIT, DR, APPEARED ON BEHALF OF THE REVENUE. DATE OF CONCLUDING THE HEARING : JANUARY 22, 2021 DATE OF PRONOUNCING THE ORDER : FEBRUARY 03, 2021 ORDER PER BENCH:- BOTH 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. THE ASSESSEE HAS FILED AN APPLICATION REQUESTING PERMISSION TO WITHDRAW ITS APPEALS, AS IT HAD OPTED FOR VIVAD SE VISHWAS SCHEME, 2020. WE ACCEPT THIS APPLICATION AND DISMISS BOTH THESE APPEALS AS WITHDRAWN. 5. IN THE RESULT, THE APPEALS OF ASSESSEE ARE DISMISSED AS WITHDRAWN. KOLKATA, THE 3 RD FEBRUARY, 2021. SD/- SD/- [ SANJAY GARG ] [J. SUDHAKAR REDDY] JUDICIAL MEMBER ACCOUNTANT MEMBER DATED : 03.02.2021 RS, SR. P.S. 2 I.T.A. NOS.2045&2046/KOL/2019 M/S KAASHVI SOMANI MINOR BENEFICIARY TRUST COPY OF THE ORDER FORWARDED TO: 1 . M/S KAASHVI SOMANI MINOR BENEFICIARY TRUST 2. ITO, WARD-35(3), KOLKATA 3. CIT(A)- 4. CIT- , 5. CIT(DR), TRUE COPY BY ORDER ASSISTANT REGISTRAR , KOLKATA BENCHES