Hemnav Ventures Pvt. Ltd., Kolkata V. I.T.O.,Ward-13(2), Kolkata

ITA 286/KOL/2020

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 9871 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 4 month(s) 17 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-07-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 31-12-2020
• Assessment Year: 2012-2013
• Appeal Filed On: 06-03-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: RANU BISWAS
• Assessee Lawyers: N O N E
• Section: 22

Judgement Text

ITA NO. 286/KOL/2020 A.Y. 20 12-2013 HEMNAV VENTURES PVT. LIMITED 1 IN THE INCOME TAX APPELLATE TRIBUNAL, KOLKATA B BENCH, KOLKATA [VIRTUAL COURT HEARING] BEFORE SHRI P.M. JAGTAP, VICE-PRESIDENT & SHRI A.T. VARKEY, JUDICIAL MEMBER I.T.A. NO. 286/KOL/2020 ASSESSMENT YEAR: 2012-2013 HEMNAV VENTURES PVT. LIMITED,...................... ....................................APPELLANT 122A, CHITTARANJAN AVENUE, GANPATI CHAMBERS, 2 ND FLOOR, KOLKATA-700073 [PAN:AAACH6616E] -VS.- INCOME TAX OFFICER,.................. .....................RESPONDENT WARD-13(2), KOLKATA, AAYAKAR BHAWAN POORVA, 110, SHANTI PALLY, KOLKATA-700107 APPEARANCES BY: N O N E, APPEARED ON BEHALF OF THE ASSESSEE SMT. RANU BISWAS, CIT , APPEARED ON BEHALF OF THE REVENUE DATE OF CONCLUDING THE HEARING : JULY 22, 2021 DATE OF PRONOUNCING THE ORDER : JULY 22, 2021 O R D E R PER SHRI P.M. JAGTAP, VICE-PRESIDENT :- THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAI NST THE ORDER OF LD. COMMISSIONER OF INCOME TAX (APPEALS)-5, KOLKATA DAT ED 20.09.2019 . 2. IN THIS CASE, SHRI JAYANTILAL JAIN, DIRECTOR/AUT HORISED SIGNATORY OF THE ASSESSEE-COMPANY HAS MOVED AN APPLICATION SEEKI NG 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 ITA NO. 286/KOL/2020 A.Y. 20 12-2013 HEMNAV VENTURES PVT. LIMITED 2 DECLARATION UNDER THE SAME SCHEME. PAYMENT OF TAX W AS SUPPORTED BY DOCUMENTARY EVIDENCE ON RECORD. 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 JULY 22, 2021 . SD/- SD/- (A.T. VARKEY) (P.M. JAGTAP) JUDICIAL MEMBER VICE-PRESIDENT KOLKATA, THE 22 ND DAY OF JULY, 2021 COPIES TO : (1) HEMNAV VENTURES PVT. LIMITED, 122A, CHITTARANJAN AVENUE, GANPATI CHAMBERS, 2 ND FLOOR, KOLKATA-700073 (2) INCOME TAX OFFICER, WARD-13(2), KOLKATA, AAYAKAR BHAWAN POORVA, 110, SHANTI PALLY, KOLKATA-700107 (3) COMMISSIONER OF INCOME TAX (APPEALS)-5, KOLKA TA, (4) COMMISSIONER OF INCOME TAX , (5) THE DEPARTMENTAL REPRESENTATIVE (6) GUARD FILE BY ORDER SENIOR PRIVATE SE CRETARY/DDO, INCOME TAX APPELLATE TRIBUNAL, KOLKATA BENCHES, KOLKATA LAHA/SR. P.S.