Srei Equipment Finance Ltd., Kolkata V. THE PCIT, KOLKATA-4, Kolkata

ITA 812/KOL/2016

• Counselvise Citation: [2017] 127 COUNSELVISE.COM (IT) 1126 (ITAT-KOLKATA)
• Duration Of Justice: 1 year(s) 6 month(s) 6 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 02-11-2017
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2011-2012
• Appeal Filed On: 26-04-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: A K TIWARI CIT LD
• Assessee Lawyers: NIDHI LAHOTI ACA LD
• Section: 263

Judgement Text

1 ITA NO.812/KOL/16 IN THE INCOME TAX APPELLATE TRIBUNAL D BENCH: KOL KATA BEFORE: SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI S.S. VISWANETHRA RAVI, JUDICIA L MEMBER I.T.A NO. 812/KOL/2016 A.Y 201 1-12 SREI EQUIPMENT FINANCE LIMITED (FORMERLY KNOWN AS SREI EQUIPMENT FINANCE PVT. LTD). PAN AAKCS 3431L APPELLANT VS PR. C.I. T-4, KOLKATA RES PONDENT FOR THE APPELLANT : SHRI NIDHI LAHOTI, ACA, LD.AR FOR THE RESPONDENT : SHRI A.K.TIWARI, CIT, LD.DR DATE OF HEARING : 02-11-2017 DATE OF PRONOUNCEMENT : 02-11-2017 ORDER SHRI S.S.VISWANETHRA RAVI, JM: THIS APPEAL BY ASSESSEE IS ARISING OUT OF ORDER DAT ED 22-03- 2016 OF PR. CIT, KOLKATA FOR THE A.Y 2011-12. 2. AT THE OUTSET, THE LD.AR OF THE ASSESSEE VIDE A N APPLICATION (DT: 2-11-17 COPY OF THE SAME IS ON RECORD ) SUBMIT TED FOR WITHDRAWAL OF APPEAL BY STATING AS UNDER: RE: SREI EQUIPMENT FINANCE LIMITED ASSESSMENT YEAR 2011-12 ASSESSEE APPEAL NO. : 812/KOL/2016 APPEAL FIXED FOR HEARING ON 02-11-2017 1.0 THIS HAS REFERENCE TO THE CAPTIONED APPEAL FIXE D FOR HEARING TO DAY I.E. 02-11-2017. IN THIS CONNECTION, IT IS HUMBLY SUBMIT TED THAT THE ISSUE RAISED VIDE PROCEEDINGS U/S. 263 HAS SINCE BEEN VERIFIED B Y THE ASSESSING OFFICER IN PROCEEDINGS U/S. 263/143(3) AND NO FURTHER DISALLOW ANCE HAS BEEN MADE BY THE REVENUE. 2.0 UNDER THE CIRCUMSTANCES, WE ON BEHALF OF THE AP PELLANT REQUEST YOU TO TREAT THE APPEAL NO. 812/KOL/2016 AS WITHDRAWN. WE DEEPLY REGRET FOR THE INCONVENIENCE CAUSED TO YOUR HONOURS. YOURS SINCERELY FOR D.B DESAI & ASSOCIATES 2 ITA NO.812/KOL/16 SD/- (NIDHI LAHOTI) AUTHORIZED REPRESENTATIVE 3. ON THE OTHER HAND, THE LD.DR HAS NOT OBJECTED TO THE ABOVE SUBMISSION OF ASSESSEE IN WITHDRAWING THE APPEAL FI LED BY IT. 4. IN VIEW OF ABOVE, WE PERMIT TO WITHDRAW THE APPE AL FILED BY THE ASSESSEE. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS D ISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 02-11-2017 SD/- SD/- WASEEM AHMED S.S. VISWANETHRA RAVI ACCOUNTANT MEMBER JUDICIAL MEMBER DATED : 02-11-2017 PP(SR.P.S.) COPY OF THE ORDER FORWARDED TO: 1 . APPELLANT M/S. SREI EQUIPMENT FINANCE LTD (FORMERLY KNOWN AS SREI EQUIPMENT FINANCE PVT. LIMI TED) 86C, VISWKARMA, TOPSIA ROAD, (SOUTH), KOLKATA-46. 2 RESPONDENT THE PR. COMMISSIONER OF INCOME-4, AAYKAR BHAWAN,P-7 CHOWRINGHEE SQUARE, KOLKATA. 3 . THE CIT(A), KOLKATA 4. 5. CIT , KOLKATA DR, KOLKATA BENCHES, KOLKATA / TRUE COPY, BY ORDER, SR.PS/H.O.O ITAT, KOLKATA