M/S. KANERIYA OIL INDUSTRIES, RAJKOT V. THE ASST. COMMISSIONER OF INCOME TAX,CIRCLE 3 (1), RAJKOT , RAJKOT

ITA 76/RJT/2023

AI Insights

The case involved M/s. Kaneriya Oil Industries appealing against an order from the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, which arose from an assessment order under section 143(3) of the Income Tax Act, 1961 for the Assessment Year 2017-18. The primary issue in the appeal was the late payment of PF/ESI amounting to Rs. 3,35,470. During the proceedings, the Assessee's counsel requested to withdraw the appeal, which was not objected to by the CIT-DR.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 138244 (ITAT-RAJKOT)
• Duration Of Justice: 3 month(s) 10 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 06-07-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 21-06-2023
• Assessment Year: 2017-2018
• Appeal Filed On: 26-03-2023
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL RAJKOT BENCH, RAJKOT (Conducted Through Virtual Court) Before: Smt. Annapurna Gupta, Accountant Member And Shri T.R. Senthil Kumar, Judicial Member M/s. Kaneriya Oil Industries, Vikram Sarabhai Marg, Gondal Road, B/H. Kishan Cold Storage, Rajkot PAN No: AACFL3239M (Appellant) Vs The Assistant Commissioner of Income Tax, Circle-3(1), Rajkot (Respondent) Assessee Represented: Shri R.D. Lalchandani, A.R. Revenue Represented: Shri Shramdeep Sinha, CIT-DR Date of hearing : 22-06-2023 Date of pronouncement : 07-07-2023 आदेश/ORDER PER : T.R. SENTHIL KUMAR, JUDICIAL MEMBER:- This appeal is filed by the Assessee as against the Appellate order dated 20.03.2023 passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, (in short referred to as “NFAC”), arising out of the assessment order passed under section 143(3) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) relating to the Assessment Year (A.Y) 2017-18. ITA No. 76/Rjt/2023 Assessment Year: 2017-18 I.T.A No. 76/Rjt/2023 A.Y. 2017-218 Page No M/s. Kaneriya Oil Industries vs. ACIT 2 2. The only issue is with regard to late payment of PF/ESI of Rs. 3,35,470/-. The Ld. Counsel seeks to withdraw the above appeal and the Ld. CIT-DR has no objection for the same. 3. Recording the above statements, the appeal filed by the Assessee is hereby dismissed as withdrawn. Order pronounced in the open court on 07-07-2023 Sd/- Sd/- (ANNAPURNA GUPTA) (T.R. SENTHIL KUMAR) ACCOUNTANT MEMBER True Copy JUDICIAL MEMBER Ahmedabad : Dated 07/07/2023 आदेश कȧ ĤǓतͧलͪप अĒेͪषत / Copy of Order Forwarded to:- 1. Assessee 2. Revenue 3. Concerned CIT 4. CIT (A) 5. DR, ITAT, Ahmedabad 6. Guard file. By order/आदेश से, उप/सहायक पंजीकार आयकर अपीलȣय अͬधकरण, राजकोट