Bengal Credit Corporation Pvt. Ltd., Howrah V. A.C.I.T., Circle-14(2), Kolkata

ITA 425/KOL/2019

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 5931 (ITAT-KOLKATA)
• Duration Of Justice: 2 year(s) 1 month(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-04-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: misc
• Appeal Filed On: 05-03-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

I.T.A. NO. 425/KOL/2019 A.Y. 2014-2015 BENGAL CREDIT CORPORATION (P) LIMITED 1 IN THE INCOME TAX APPELLATE TRIBUNAL, KOLKATA C BENCH, KOLKATA [VIRTUAL COURT HEARING] BEFORE SHRI P.M. JAGTAP, VICE-PRESIDENT (KZ) AND SHRI A.T. VARKEY, JUDICIAL MEMBER I.T.A. NO. 425/KOL/2019 ASSESSMENT YEAR: 2014-2015 BENGAL CREDIT CORPORATION (P) LIMITED,............. .........................APPELLANT SHOP NO. 30, GANGANACHAL BUILDING, 37, DR. ABANI DUTTA ROAD, HOWRAH-711106 [PAN: AABCB2887N] -VS.- ASSISTANT COMMISSIONER OF INCOME TAX,.............. .......................RESPONDENT CIRCLE-14(2), KOLKATA, AAYAKAR BHAWAN POORVA, 110, SHANTIPALLY, E.M. BY-PASS KOLKATA-700107 APPEARANCES BY: SHRI ABHISHEK BANSAL, A.R., FOR THE APPELLANT SHRI JAYANTA KHANRA, JCIT, SR. D.R. , FOR THE RESPONDENT DATE OF CONCLUDING THE HEARING : APRIL 23, 2021 DATE OF PRONOUNCING THE ORDER : APRIL 23, 2021 O R D E R PER SHRI P.M. JAGTAP, VICE-PRESIDENT (KZ):- THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAI NST THE ORDER LD. COMMISSIONER OF INCOME TAX (APPEALS)-5, KOLKATA DAT ED 15.01.2019. 2. IN THIS CASE, THE DIRECTOR OF THE ASSESSEE-COMPA NY HAS MOVED AN APPLICATION DATED 20.03.2021 SEEKING WITHDRAWAL OF THIS APPEAL ON THE GROUND THAT THEY HAVE DECIDED TO SETTLE THE DISPUTE INVOLVED IN THE SAID APPEAL UNDER THE DIRECT TAX VIVAD SE VISHWAS ACT, 2 020. THE ASSESSEE HAS DULY FILED THE DECLARATIONS IN FORM NO. 1 AND F ORM NO. 2 AND THE DESIGNATED AUTHORITY HAS ISSUED THE CERTIFICATE IN FORM NO. 3 AS PER I.T.A. NO. 425/KOL/2019 A.Y. 2014-2015 BENGAL CREDIT CORPORATION (P) LIMITED 2 SECTION 5(1) OF THE SCHEME ACCEPTING THE ASSESSEES DECLARATION UNDER THE SAME SCHEME. 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AS SOUGHT BY THE DIRECTOR OF THE ASSESSEE-COMPANY IS G RANTED AND THIS APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. 4.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 APRIL 23, 202 1. SD/- SD/- (A.T. VARKEY) (P.M. JAGTAP) JUDICIAL MEMBER VICE -PRESIDENT (KZ) KOLKATA, THE 23 RD DAY OF APRIL, 2021 COPIES TO : (1) BENGAL CREDIT CORPORATION (P) LIMITED, SHOP NO. 30, GANGANACHAL BUILDING, 37, DR. ABANI DUTTA ROAD, HOWRAH-711106 (2) ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-14(2), KOLKATA, AAYAKAR BHAWAN POORVA, 110, SHANTIPALLY, E.M. BY-PASS 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 ASSISTANT REGISTRAR, INCOME TAX APPELLATE TRIBUNAL, KOLKATA BENCHES, KOLKATA LAHA/SR. P.S.