ITO, Ward-4(4), Kolkata V. M/s KNA Share Brokers Pvt. Ltd., Kolkata

ITA 76/KOL/2021

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 6444 (ITAT-KOLKATA)
• Duration Of Justice: 1 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-04-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2013-2014
• Appeal Filed On: 04-03-2021
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Competent authority

Judgement Text

ITA NO. 76/KOL/2021 M/S. KNA SHARE BROKERS PVT. LTD., AY 2013-14 1 , B , IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH: KOLKATA ( ) BEFORE . , /AND . . , ) [BEFORE SHRI J. SUDHAKAR REDDY, AM & SHRI A. T. VARKEY, JM] I.T.A. NO. 76/KOL/2021 ASSESSMENT YEAR: 2013-14 INCOME-TAX OFFICER, WARD-4(4), KOLKATA. VS. M/S. KNA SHARE BROKERS PVT. LTD. (PAN: AACCK3660M) APPELLANT RESPONDENT DATE OF HEARING (VIRTUAL) 16.04.2021 DATE OF PRONOUNCEMENT 16.04.2021 FOR THE APPLICANT SHRI JAYANTA KHANRA, JCIT FOR THE RESPONDENT N O N E ORDER PER SHRI A.T.VARKEY, JM THIS IS AN APPEAL PREFERRED BY THE REVENUE AGAINST THE ORDER OF LD. CIT(A)- 2, KOLKATA DATED 01.05.2019 FOR AY 2013-14. 2. NONE APPEARED ON BEHALF OF THE ASSESSEE. HOWEVER, AN APPLICATION DATED 12.04.2021 ON BEHALF OF THE ASSESSEE HAS BEEN PLACED ON RECORD WHEREIN THE ASSESSEE HAS SUBMITTED THAT THE ASSESSEE DOES NOT WANT TO CONTEST THIS REVENUE APPEAL AND ASSESSEE HAD FILED FORM 1 AND 2 UNDER THE DIRECT TAX VIVAD SE VISHWAS ACT IN RESPECT OF THIS APPEAL AND THE COMPETENT AUTHORITY HAS ISSUED FORM NO. 3. THEREFORE, TAKING INTO CONSIDERATION THE FACT THAT SINCE THE ASSESSEE HAS OPTED FOR THE SCHEME FOR THE AY 2013-14 AND FORM 3 HAS BEEN ISSUED BY THE DEPARTMENT WHICH IS PLACED ON FILE, WE DISMISS THE IMPUGNED APPEAL OF THE REVENUE. 3. IN THE RESULT, THE APPEAL OF REVENUE IS DISMISSED. ORDER IS PRONOUNCED IN THE OPEN COURT. SD/- (J. S. REDDY) SD/-(A. T. VARKEY) ACCOUNTANT MEMBER JUDICIAL MEMBER DATE: 16 TH APRIL, 2021 JD (SR. PS.) ITA NO. 76/KOL/2021 M/S. KNA SHARE BROKERS PVT. LTD., AY 2013-14 2 COPY FORWARDED TO 1. APPELLANT ITO, WARD-4(4), KOLKATA. 2. RESPONDENT M/S. KNA SHARE BROKERS PVT. LTD., 405, TODI CHAMBER, 2 LAL BAZAR STREET, KOLKATA-700 001. 3. CIT(A)-2, KOLKATA. (SENT THROUGH E-MAIL) 4. CIT- , KOLKATA 5. DR, ITAT, KOLKATA. (SENT THROUGH E-MAIL) TRUE COPY BY ORDER ASSISTANT REGISTRAR ITAT, KOLKATA.