DCIT, CENTRAL CIRCLE, 4(3), KOLKATA, KOLKATA vs. CHAMPION DEALTRADE PRIVATE LIMITED, KOLKATA

Per Rajesh Kumar, Accountant Member:

The present appeal filed by the revenue for the assessment year
2012-13 against the order dated 07.03.2024 of the Commissioner of Income Tax (Appeals)-27, Kolkata [hereinafter referred to as ‘CIT(A)’] u/s 250 of the Income Tax Act (hereinafter referred to as the ‘Act’).
2. At the outset, the ld. AR of the assessee has submitted a letter dated 01.02.2025 stating therein that the assessee has filed an application on 30.01.2025 under the Direct Tax Vivad Se Viswas (DTVSV)
Scheme, 2024 and the department has not yet issued due certificate in Form No.2 in this respect. Under the circumstances, the assessee prayed before us to allow the appeal to be withdrawn.
3. On the other hand, the ld. DR candidly accepted the fact that the assessee has already filed Form No.1 for settling the dispute under DTVSV scheme, 2024. I.T.A. No.1092/Kol/2024
Assessment Year: 2012-13
Champion Dealtrade (P) Ltd

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4. After hearing the submissions made by both the parties and considering the facts on record, we find that the assessee has gone into DTVSV scheme, 2024 and has opted to settle the dispute under the said scheme. Accordingly, we dismiss the present appeal filed by the revenue.
5. In the result, the appeal of the revenue is dismissed.
Kolkata, the 21st February, 2025. [Pradip Kumar Choubey]

[Rajesh Kumar]
Judicial Member

Accountant Member

Dated: 21.02.2025. RS

Copy of the order forwarded to:
1. DCIT, Central Circle- 4(3), Kolkata
2. Champion Dealtrade (P) Ltd
3. CIT(A)-
4. CIT- ,

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By order