Rosewood Mercantile Pvt. Ltd., Kolkata V. PCIT, -1, KOLKATA, Kolkata

ITA 770/KOL/2015

• Counselvise Citation: [2017] 128 COUNSELVISE.COM (IT) 9560 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 7 month(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-01-2017
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2010-2011
• Appeal Filed On: 29-05-2015
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: NIRAJ KUMAR
• Assessee Lawyers: ASHIS BAJAJ
• Section: 263

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH D KOLKATA BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI S.S.VISWANETHRA RAVI, JUDICIAL MEMBER ITA NO.770/KOL/2015 ASSESSMENT YEAR:2010-11 ROSEWOOD MERCANTILE PVT. LTD. D.J. SHAH & CO. 2, ELGIN ROAD, KOLKATA-700 020 [ PAN NO.AAECR 6249 M ] / V/S . PR. COMMISSIONER OF INCOME TAX-1, P-7, CHOWRINGHEE SQUARE, AAYKAR BHAWAN, KOLKTA-700 069 /APPELLANT .. /RESPONDENT /BY APPELLANT SHRI ASHIS BAJAJ, CA /BY RESPONDENT SHRI NIRAJ KUMAR, CIT-DR /DATE OF HEARING 17-01-2017 /DATE OF PRONOUNCEMENT 17-01-2017 /O R D E R PER WASEEM AHMED, ACCOUNTANT MEMBER:- THIS APPEAL HAS BEEN FILED BY THE ASSESSEE RELATING TO ASSESSMENT YEAR 2010-11 IS DIRECTED AGAINST THE ORDER PASSED BY COMMISSIONE R OF INCOME TAX-1, KOLKATA U/S 263 OF THE INCOME TAX ACT, 1961 (HEREINAFTER REFERR ED TO AS THE ACT) VIDE HIS ORDER DATED 25.03.2015. SHRI ASHIS BAJAJ, LD. AUTHORIZED REPRESENTATIVE APP EARED ON BEHALF OF ASSESSEE AND SHRI NIRAJ KUMAR, LD. DEPARTMENTAL REPRESENTATIVE A PPEARED ON BEHALF OF REVENUE. 2. AT THE OUTSET, LD. COUNSEL FOR THE ASSESSEE FILE D AN APPLICATION DATED 16.01.2017 WISHED TO SEEK PERMISSION FOR WITHDRAWAL OF THE APP EAL REGARDING CITED CASE LAW OF ITA NO.770/KOL/2015 A.Y. 2010- 11 ROSEWOOD MERCANTILE PVT. LTD. VS. PR. CIT-1 K OL. PAGE 2 JURISDICTIONAL HIGH COURT IN THE CASE OF K.P.JAIN VS. CIT (2011) 202 TAXMAN 244 (CAL) AND LD. DR HAS NOT OBJECTED THE WITHDRAWAL OF THE SAME. AS THERE IS NO OBJECTION FROM THE REVENUE, WE PERMIT THE WITHDRAWA L OF ASSESSEES APPEAL. ACCORDINGLY, THIS APPEAL OF ASSESSEE IS DISMISSED A S WITHDRAWN. 3. IN THE RESULT, ASSESSEES APPEAL STANDS DISMISSED A S WITHDRAWN. ORDER PRONOUNCED IN OPEN COURT ON 17/01/2017 SD/- SD/- (S.S.VISWANETHRA RAVI) (WASEEM AHMED) JUDICIAL MEMBER ACCOUNTANT MEMBER *DKP SR.P.S ! - 17/01/2017 / KOLKATA / COPY OF ORDER FORWARDED TO:- 1. /APPELLANT-ROSEWOOD MERCANTILE PVT. LTD. D.J. SHAH & CO. , 2, ELGIN ROAD, KOL -20 2. /RESPONDENT-PR.CIT, KOLKATA-1,P-7CHOWRINGHEE SQ, AA YKAR BHAWAN,KOL-69 3. '# % / CONCERNED CIT 4. % - / CIT (A) 5. &'( ))'# , '# / DR, ITAT, KOLKATA 6. (*+ / GUARD FILE. /TRUE COPY/ BY ORDER/ , / '#,