Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, ‘A’ BENCH, KOLKATA
Before: Shri Rajpal Yadav, Vice-(KZ) & Shri Girish Agrawal
Per Rajpal Yadav, Vice-President (KZ):- The assessee is in appeal before the Tribunal against the order of ld. Commissioner of Income Tax (Appeals)-8, Kolkata dated 29.03.2019 passed for the assessment year 2014-15.
The grievance of the assessee is that the ld. CIT(Appeals) has erred in confirming the addition of Rs.70,33,616/-, which was added by the ld. Assessing Officer with the aid of Section 68 by holding that long-term capital gain on sale of shares of Kailash Auto Finance Limited and Unno Industries Limited were bogus and for the result of accommodation entries. The appeal was listed for hearing on 02.08.2022. However, on the Assessment Year : 2014-2015 Reshma Parakh date of hearing, no one has come present on behalf of the assessee. The hearing was concluded with the assistance of ld. D.R.
The order was reserved after completion of hearing and it was not dictated and pronounced. The assessee has filed an application that she has settled the dispute with the Department under Vivad Se Viswas Scheme and, therefore, her appeal be dismissed as withdrawn. Copy of Form No. 3 etc. has been placed on record. Considering the request of the assessee, the present appeal is dismissed as withdrawn.
In the result, the appeal filed by the assessee is dismissed as withdrawn. Order pronounced in the open Court on August 16, 2022.