Sr Kkrishna Arjun Trading & Investment Co.(P) Ltd., Kolkata V. DCIT, Circle - 5(1), Kolkata

ITA 587/KOL/2019

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 4155 (ITAT-KOLKATA)
• Duration Of Justice: 2 year(s) 6 month(s) 6 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-10-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 10-11-2021
• Assessment Year: 2013-2014
• Appeal Filed On: 25-03-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: JAYANTA KHANGRA

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH (A), KOLKATA [BEFORE SHRI P.M. JAGTAP, HONBLE VICE PRESIDENT (KZ) & SHRI A. T. VARKEY, HONBLE JUDICIAL MEMBER] [THROUGH VIRTUAL COURT] I.T.A. NO.587/KOL/2019 ASSESSMENT YEAR: 2013-14 SRI KRISHNA ARJUN TRADING & INVESTMENTS CO. PVT. LTD.........................................APPELLANT MCLEOD HOUSE, 3 RD FLOOR, 3, N. S. ROAD, KOLKATA-1. [PAN: AAGCS7693N] VS. DCIT, CIRCLE-5(1), KOLKATA ............................................ .............................................RESPONDENT APPEARANCES BY: NONE APPEARING ON BEHALF OF THE ASSESSEE. SHRI JAYANTA KHANGRA, JCIT, APPEARING ON BEHALF OF THE REVENUE. DATE OF CONCLUDING THE HEARING : OCTOBER 1, 2021 DATE OF PRONOUNCING THE ORDER : OCTOBER 1, 2021 ORDER PER P.M. JAGTAP, VICE-PRESIDENT (KZ) THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF THE COMMISSIONER OF INCOME TAX-7, KOLKATA DATED 17.01.2019 FOR ASSESSMENT YEAR 2013-14. 2. IN THIS CASE, THE DIRECTOR OF THE ASSESSEE-COMPANY HAS MOVED AN APPLICATION SEEKING WITHDRAWAL OF THIS APPEAL ON THE GROUND THAT THE ASSESSEE HAS DECIDED TO SETTLE THE DISPUTE INVOLVED IN THE SAID APPEAL UNDER THE DIRECT TAX VIVAD 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 DETERMINING THE TAX PAYABLE BY THE ASSESSEE. 2 I.T.A. NO.587/KOL/2019 ASSESSMENT YEAR: 2013-14 SRI KRISHNA ARJUN TRADING & INVESTMENTS CO. PVT. LTD 3. KEEPING IN VIEW THESE FACTS AND CIRCUMSTANCES OF THE CASE INCLUDING ESPECIALLY THE FACT THAT THE ASSESSEE HAS DULY COMPLIED WITH THE NECESSARY REQUIREMENTS UNDER VIVAD SE VISHWAS SCHEME, 2020, THE PERMISSION AS SOUGHT BY THE ASSESSEE IS GRANTED AND THIS APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 1 ST OCTOBER, 2021. SD/- SD/- (A.T. VARKEY) (P.M. JAGTAP) JUDICIAL MEMBER VICE PRESIDENT DATED: 01/10/2021 RS COPY OF ORDER FORWARDED TO: 1. SRI KRISHNA ARJUN TRADING & INVESTMENTS CO. PVT. LTD 2. DCIT, CIRCLE-5(1), KOLKATA 3. THE CIT(A) 4. THE CIT 5. DR TRUE COPY, BY ORDER, SR. PRIVATE SECRETARY / DDO ITAT, KOLKATA BENCHES KOLKATA