KNA Share Brokers (P) Ltd, Kolkata V. Pr.CIT-2, Kolkata

ITA 392/KOL/2020

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 0536 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 6 month(s) 11 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-01-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2015-2016
• Appeal Filed On: 25-06-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 263

Judgement Text

1 ITA Nos.391-392/Kol/2020 KNA Share Brokers Ltd., AYs: 2010-11 & 2015-16 IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, KOLKATA [Before Shri A. T. Varkey, JM & Shri Rajesh Kumar, AM] I.T.A. Nos. 391 & 392/Kol/2020 Assessment Years: 2010-11 & 2015-16 KNA Share Brokers Ltd. (PAN: AACCK3660M) Vs. Pr. Commissioner of Income Tax-2, Kolkata. Appellant Respondent Date of Hearing (virtual) 06.01.2022 Date of Pronouncement 06.01.2022 For the Appellant Shri Subhas Agarwal, Advocate For the Respondent Md. Gayas Uddin. CIT, DR ORDER Per Shri Rajesh Kumar, AM Both these appeals preferred by the assessee are against the separate orders of Ld. Pr. CIT-2, Kolkata dated 29.05.2020 and 18.06.2020 for AYs 2010-11 and 2015-16. 2. At the outset, it has been brought to our notice by the Ld. AR of the assessee Shri Subhas Agarwal that these two appeals preferred by the assessee are being withdrawn as per the instruction of the assessee. Since these are the appeals preferred against the action of the Ld. Pr. CIT passed u/s. 263 of the Income-tax Act, 1961, we are inclined to allow the assessee to withdraw both the appeals. 3. In the result, both the appeals of the assessee are dismissed as withdrawn Order is pronounced in the open court. Sd- Sd- (Aby. T. Varkey) (Rajesh Kumar) Judicial Member Accountant Member Dated: 06.01.2022 JD(Sr.P.S.) 2 ITA Nos.391-392/Kol/2020 KNA Share Brokers Ltd., AYs: 2010-11 & 2015-16 Copy of the order forwarded to: 1. Appellant– M/s. KNA Share Brokers Ltd., C/o Subash Agarwal & Associates, Advocates, Siddha Gibson, 1, Gibson Lane, Suite 213, 2 nd floor, Kolkata-700 069. 2. Respondent– Pr. CIT-2, Kolkata. 3. ITO, Ward-4(4), Kolkata. 4. CIT, Kolkata. 5. DR, ITAT, Kolkata, (sent through e-mail).. True Copy By Order Sr. Private Secretary/DDO ITAT, Kolkata Bench, Kolkata