M/s Megathem Electronics Private Limited , Kolkata V. A.C.I.T.,Circle-2(1), Kolkata

ITA 272/KOL/2020

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 4674 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 6 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-09-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 22-09-2021
• Assessment Year: 2014-2015
• Appeal Filed On: 03-03-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SUPRIYO PAL
• Assessee Lawyers: VIVEK CHURIWALA
• Keywords: Competent authority
• Section: 22; 15

Judgement Text

1 ITA NO. 272/KOL/2020 MEGATHEM ELECTRONICS PVT. LTD. AY: 2013-14 , C , IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH: KOL KATA [BEFORE SHRI P. M. JAGTAP, VP (KZ) & SHRI A. T. V ARKEY, JUDICIAL MEMBER] I.T.A. NO. 272/KOL/2020 ASSESSMENT YEAR: 2014-15 MEGATHEM ELECTRONICS PVT. LTD. (PAN: AACCM0633N) VS. ACIT, CIRCLE-2(1), KOLKATA. APPELLANT RESPONDENT DATE OF HEARING (VIRTUAL) 22.09.2021 DATE OF PRONOUNCEMENT 22.09.2021 FOR THE APPELLANT SHRI VIVEK CHURIWALA, AR FOR THE RESPONDENT SHRI SUPRIYO PAL, ADDL. CIT ORDER PER SHRI A. T. VARKEY, JM: THIS APPEAL HAS BEEN PREFERRED BY THE ASSE SSEE AGAINST THE ORDER OF ACIT, CIRCLE-2(1), KOLKATA DATED 30-12-2019 FOR ASSESSMENT YEARS 2014- 15 PASSED U/S. 144C(1)/263 OF THE INCOME TAX ACT, 1961. 2. AT THE OUTSET, SHRI VIVEK CHURIWALA, LEARNED AUT HORISED REPRESENTATIVE OF THE ASSESSEE BROUGHT TO OUR NOTICE THAT THE ASSESSEE HA S OPTED FOR DIRECT TAX VIVAD SE VISHWAS SCHEME, 2020 (HEREINAFTER, THE SCHEME) AND HAD FI LED FORM NO. 1 AND FORM NO. 2 BEFORE THE COMPETENT AUTHORITY AND THE COMPETENT AUTHORITY HAD ACCEPTED IT AND HAD ISSUED FORM- 3. THEREAFTER THE ASSESSEE HAS REMITTED THE TAX AS PER FORM 3 AND FILED FORM NO. 4 AND IS EXPECTING FORM 5 ANYTIME FROM THE COMPETENT AUTHORI TY. IN THE LIGHT OF THE ABOVE, THE ASSESSEE EXPRESSES HIS DESIRE TO WITHDRAW ITS APPEA L. APROPOS THE DISCUSSION (SUPRA) AND SINCE SHRI SUPRIYO PAL, ADDL., CIT, LEARNED DEPARTM ENTAL REPRESENTATIVE DOES NOT HAVE ANY OBJECTION IN WITHDRAWING THE SAME, WE ALLOW THE ASS ESSEE TO WITHDRAW THE IMPUGNED APPEAL. 3. IN THE RESULT, THE APPEAL OF ASSESSEE IS DISMIS SED AS WITHDRAWN. ORDER IS PRONOUNCED IN THE OPEN COURT. SD/- SD/- (P. M. JAGTAP) (A. T. VARKEY) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 22 ND SEPTEMBER, 2021 JD, SR. PS 2 ITA NO. 272/KOL/2020 MEGATHEM ELECTRONICS PVT. LTD. AY: 2013-14 COPY OF THE ORDER FORWARDED TO: 1. APPELLANT- M/S. MEGATHEM ELECTRONICS PVT. LTD., PLO T L-1, BLOCK GP, SECTOR V, ELECTRONICS COMPLEX, SALT LAKE CITY, KOLKATA0700 09 1. 2. RESPONDENT ACIT, CIRCLE-2(1), KOLKATA 3. THE CIT(A) , KOLKATA 4. CIT- , KOLKATA 5. DR, KOLKATA BENCHES, KOLKATA (SENT THROUGH E-MAIL) TRUE COPY BY ORDER SENIOR PRIVATE SECRETARY/DDO ITAT, KOLKATA BENCHES, KOLKATA