Chhabra Ispat (P) Ltd, Kolkata V. DCIT, Cir. 3(1), Kolkata

ITA 279/KOL/2021

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 7613 (ITAT-KOLKATA)
• Duration Of Justice: 6 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-03-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2014-2015
• Appeal Filed On: 01-09-2021
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

1 ITA No.279/Kol/2021 Chhabra Ispat Pvt. Ltd., AY 2014-15 IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, KOLKATA [Before Shri A. T. Varkey, JM & Shri Manish Borad, AM ] I.T.A. No. 279/Kol/2021 Assessment Year: 2014-15 Chhabra Ispat Pvt. Ltd. (PaN: AACCC8056F) Vs. Deputy Commissioner of Income-tax, Circle-3(1), Kolkata. Appellant Respondent Date of Hearing 23.02.2022 Date of Pronouncement 02.03.2022 For the Appellant Shri Siddarth Agarwal, Advocate For the Respondent Shri Biswanath Das, Addl. CIT ORDER Per Shri Manish Borad, AM: This is an appeal preferred by the assessee against the order of Ld. CIT(A), National Faceless Appeal Centre (NFAC) dated 16.08.2021 for AY 2014-15. 2. At the outset, the Ld. Counsel for the assessee Shri Siddarth Agarwal, Advocate submitted that he would like to withdraw the appeal since the grounds regarding set off of loss claimed by the assessee for this relevant assessment year has got effected due to subsequent event happening for earlier year (AY 2013-14) after filing of Return of Income for this relevant assessment year (2014-15). And the assessee is agitating the validity of the action of AO for earlier year (AY 2013-14). So the ground which is raised before us is premature. We allow the assessee to withdraw the appeal with the liberty to file later and agitate the same if permitted by law. And the issue which is raised before us is left open. 3. In the result, the appeal of the assessee is dismissed as withdrawn. Order is pronounced in the open court on 02 nd March, 2022. Sd/- Sd/- (Aby. T. Varkey) (Manish Borad) Judicial Member Accountant Member Dated : 2 nd March, 2022 JD(Sr.P.S.) 2 ITA No.279/Kol/2021 Chhabra Ispat Pvt. Ltd., AY 2014-15 Copy of the order forwarded to: 1. Appellant – M/s. Chhabra Ispat Pvt. Ltd., C/o Subash Agarwal & Associates, Advocates, Siddha Gibson, 1, Gibson Lane, suit 213, 2 nd floor, Kolkata-700 069. 2 Respondent –DCIT, Circle-3(1), Kolkata 3. 4. 5. CIT(A), NFAC, Delhi. PCIT , Kolkata DR, ITAT, Kolkata. (sent through e-mal) /True Copy, By order, Assistant Registrar 1. Date of dictation- 23/02/2022 2. Date on which the typed draft order is placed before the Dictating Member and Other member 24/02/2022 3. Date on which the approved order comes to the Sr. P.S./P.S. - ......02/02/2022 4. Date on which the file goes to the Bench Clerk ........04/02/2022 6. Date on which the file goes to the O.S. ................ 8. Date of Despatch of the Order......................