Vindhyawasini Refractories Pvt. Ltd., Burdwan V. ACIT, Cir.3, Asansol

ITA 575/KOL/2020

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 8533 (ITAT-KOLKATA)
• Duration Of Justice: 8 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 02-08-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Next Hearing Date: 02-08-2021
• Assessment Year: 2010-2011
• Appeal Filed On: 17-11-2020
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: HARSH VARDHAN BHARDWAJ

Judgement Text

ITA NO. 575/KOL/2020 A.Y. 20 10-2011 VINDHYAWASINI REFRACTORIES PVT. LIMITED 1 IN THE INCOME TAX APPELLATE TRIBUNAL, KOLKATA C(SMC) BENCH, KOLKATA [VIRTUAL COURT HEARING] BEFORE SHRI P.M. JAGTAP, VICE-PRESIDENT I.T.A. NO. 575/KOL/2020 ASSESSMENT YEAR: 2010-2011 VINDHYAWASINI REFRACTORIES PVT. LIMITED,........... ............................APPELLANT 41, NETAJI SUBHASH ROAD, RANIGANJ, BURDWAN--713304 [PAN:AACCV0783E] -VS.- ASSISTANT COMMISSIONER OF INCOME TAX,.............. ............................RESPONDENT CIRCLE-3, ASANSOL, AAYAKAR BHAWAN, SAHANA APARTMENT, LOWER CHELIDANGA, ASANSOL-713304, WEST BENGAL APPEARANCES BY: SHRI HARSH VARDHAN BHARDWAJ, C.A., APPEARED ON BEHA LF OF THE ASSESSEE SHRI JAYANTA KHANRA, JCIT , SR. D.R., APPEARED ON BEHALF OF THE REVENUE DATE OF CONCLUDING THE HEARING : AUGUST 02, 2021 DATE OF PRONOUNCING THE ORDER : AUGUST 02, 2021 O R D E R THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAI NST THE ORDER OF LD. COMMISSIONER OF INCOME TAX (APPEALS), ASANSOL DATED 28.08.2020 . 2. IN THIS CASE, THE DIRECTOR OF THE ASSESSEE-COMPA NY HAS MOVED AN APPLICATION DATED 29.07.2021 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 SECTION 5(1) OF THE SCHEME ACCEPTING THE ASSESSEES DECLARATION UNDER THE SAME SCHEME. ITA NO. 575/KOL/2020 A.Y. 20 10-2011 VINDHYAWASINI REFRACTORIES PVT. LIMITED 2 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AS SOUGHT BY THE DIRECTOR OF THE ASSESSEE-COMPANY IS G RANTED AND THIS APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. 4.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 AUGUST 02, 20 21. SD/- (P.M. JAGTAP) VICE-PRESIDENT KOLKATA, THE 2 ND DAY OF AUGUST, 2021 COPIES TO : (1) VINDHYAWASINI REFRACTORIES PVT. LIMITED, 41, NETAJI SUBHASH ROAD, RANIGANJ, BURDWAN--713304 (2) ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-3, ASANSOL, AAYAKAR BHAWAN, SAHANA APARTMENT, LOWER CHELIDANGA, ASANSOL-713304, WEST BENGAL (3) COMMISSIONER OF INCOME TAX (APPEALS), ASANSOL , (4) COMMISSIONER OF INCOME TAX , (5) THE DEPARTMENTAL REPRESENTATIVE (6) GUARD FILE BY ORDER SENIOR PRI VATE SECRETARY/DDO, INCOME TAX APPELLATE TRIBUNAL, KOLKATA BENCHES, KOLKATA LAHA/SR. P.S.