Variety Mercantile Pvt. Ltd., Kolkata V. PCIT, -2, KOLKATA, Kolkata

ITA 654/KOL/2015

• Counselvise Citation: [2017] 128 COUNSELVISE.COM (IT) 9509 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 8 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-01-2017
• Appeal Filed By: Assessee
• Bench Allotted: D
• Assessment Year: 2010-2011
• Appeal Filed On: 18-05-2015
• Court: TRIBUNAL
• Department Lawyers: NIRAJ KUMAR
• Assessee Lawyers: ASHISH BAJAJ
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL D BENCH: KOL KATA [BEFORE SHRI N. V. VASUDEVAN, JM & SHRI M. BALAGAN ESH, AM] I.T.A NO.654/KOL/2015 ASSESSMENT YEAR: 2010-11 VARIETY MERCANTILE PVT. LTD. VS. PRINCIPAL COM MISSIONER OF INCOME-TAX, (PAN: AACCV6785G) KOLKATA-2, KOLKATA ( APPELLANT ) ( RESPONDENT ) DATE OF HEARING: 25.01.2017 DATE OF PRONOUNCEMENT: 25.01.2017 FOR THE APPELLANT: SHRI ASHISH BAJAJ, CA FOR THE RESPONDENT: SHRI NIRAJ KUMAR, CIT ORDER PER SHRI M. BALAGANESH, AM: THIS APPEAL BY ASSESSEE IS ARISING OUT OF REVISION ORDER OF PR. CIT, KOLKATA-2, KOLKATA PASSED U/S. 263 OF THE ACT VIDE NO. PR.CIT- 2DC(HQ)-2/KOL/263/2014-15/5978- 81 DATED 23.03.2015. ASSESSMENT WAS FRAMED BY ITO, WARD-5(1), KOLKATA U/S. 143(3)/147 OF THE INCOME-TAX ACT, 1961 (HEREINAFTER REFERRED TO AS THE ACT) FOR ASSESSMENT YEAR 2010-11 VIDE HIS ORDER DATED 17.01. 2013. 2. AT THE TIME OF HEARING LD. COUNSEL FOR THE ASSES SEE SUBMITTED THAT HE HAS INSTRUCTIONS TO WITHDRAW THE APPEAL SINCE THE AO HA S ALREADY PASSED AN ORDER IN CONSEQUENCE TO THE ORDER PASSED BY PR. CIT U/S. 263 OF THE ACT AND THE ASSESSEE COMPANY HAS FILED AN APPEAL BEFORE THE LD. CIT(A) A GAINST THE SAID ORDER. LD. SR. DR HAS NOT RAISED ANY OBJECTION TO THIS PRAYER FOR WIT HDRAWAL. HENCE, WE PERMIT THE WITHDRAWAL AND DISMISS THIS APPEAL OF ASSESSEE AS W ITHDRAWN. 3. IN THE RESULT, APPEAL OF ASSESSEE IS DISMISSED A S WITHDRAWN. 4. ORDER IS PRONOUNCED IN THE OPEN COURT. SD/- SD/- (N. V. VASUDEVAN) (M. BALAGANESH) JUDICIAL MEMBER ACCOUNTAN T MEMBER DATED : 25 TH JANUARY, 2017 JD.(SR.P.S.) 2 ITA NO.654/K/2015 VARIETY MERCANTILE PVT. LTD..AY 2010-11 COPY OF THE ORDER FORWARDED TO: 1 . APPELLANT VARIETY MERCANTILE PVT. LTD., C/O, D. J. SHAH & CO. 2, ELGIN ROAD, KOLKATA-700020 2 RESPONDENT PR. CIT, CENTRAL, KOL-2, KOLKATA 3 . THE CIT(A), KOLKATA 4. 5. ACIT , KOLKATA. DR, KOLKATA BENCHES, KOLKATA / TRUE COPY, BY ORDER, ASSTT. REGISTRAR .