General magnets Ltd., Kolkata V. DCIT, Cir.-6, Kolkata

ITA 518/KOL/2020

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 7643 (ITAT-KOLKATA)
• Duration Of Justice: 3 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2004-2005
• Appeal Filed On: 05-10-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH SMC KOLKATA BEFORE SHRI SANJAY GARG, JUDICIAL MEMBER . /ITA NO.518/KOL/2020 ASSESSMENT YEAR:2004-05 GENERAL MAGNETS LTD. ( SINCE CONVERTED TO GENERAL MAGNETS LLP ) C/O M.S SALARPURIA JAJODIA & CO. 7, C.R. AVENUE, 3 RD FLOOR KOLKATA-700072 [ PAN NO.AAACG 9196 J ] / V/S . DCIT, CIRCLE-6, AAYAKAR BHAWAN POORVA, 110, SHANTIPALLY, E.M.BY PASS, KOLKATA-107 /APPELLANT .. /RESPONDENT HEARING THROUGH VIDEO CONFERENCING /BY APPELLANT SHRI SUJOY SEN, C.A /BY RESPONDENT MRS. RANU BISWAS, ADDL. CIT-SR-DR /DATE OF HEARING 05-01-2021 /DATE OF PRONOUNCEMENT 05-01-2021 /O R D E R THE PRESENT APPEAL HAS BEEN PREFERRED BY THE ASSESS EE AGAINST THE ORDER DATED 25.08.2020 OF THE COMMISSIONER OF INCOME-TAX (APPEA LS)-20, KOLKATA [HEREINAFTER REFERRED TO AS CIT(A)]. 2. AT THE OUTSET, LD. COUNSEL FOR THE ASSESSEE HAS SUBMITTED THAT SINCE THE ASSESSEE HAS OPTED FOR VIVIAD SE VISHWAS SCHEME 2020 AND, THEREFORE, HE INTENDS TO WITHDRAW THE PRESENT APPEAL. A SEPARATE APPLICATION DATED 05.01.2021 FOR WITHDRAWAL ITA NO.518/KOL/2020 A.Y. 2004- 05 GENERAL MAGNETS LTD. VS. DCIT, CIR-6,KOL. PAGE 2 OF THE APPEAL HAS BEEN SUBMITTED BY THE LD. AUTHORI SED COUNSEL FOR THE ASSESSEE. THE LD. DR HAS NO OBJECTION FOR THE SAID WITHDRAWAL. IN VIEW OF THE ABOVE, THE APPEAL OF THE ASSESSEE I S HEREBY DISMISSED AS WITHDRAWN . ORDER PRONOUNCED IN OPEN COURT AT THE CLOSE OF THE HEARING ON TUESDAY, 5 TH JANUARY, 2021 . SD/- (SANJAY. GARG) JUDICIAL MEMBE R KOLKATA, *DKP/SR.PS ' - 05/01/2021 / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-GENERAL MAGNETS LTD. C/O M/S SALARPURIA JAJODIA & CO. 7, C.R. AVENUE , 3 RD FLOOR, KOLKATA-72 2. /RESPONDENT-DCIT, CIR-6, AAYAKAR BHAWA, POORVA,110, SHANTIPALLY, E.M. BY-PASS, KOLKA TA-107 3. % ' / CONCERNED CIT 4. ' - / CIT (A) 5. ( ++% , % / DR, ITAT, KOLKATA 6. - / GUARD FILE. BY ORDER/ , / %,