KHUSHI DISTRIBUTERS (P) LTD.,KOLKATA vs. ITO, WARD-4(4), KOLKATA , KOLAKTA

The present appeal has been preferred by the assessee against the order dated 11.05.2020 of the Principal Commissioner of Income Tax-2, Kolkata [hereinafter referred to as ‘PCIT’] passed u/s 263 of the Income Tax Act (hereinafter referred to as the ‘Act’) whereby directing the Assessing Officer for de novo assessment.

At the outset, the ld. Counsel for the assessee has submitted that in the de novo assessment the relevant issues have been decided in favour of the assessee and therefore, the assessee has not left with any grievance against the aforesaid order u/s 263 of the Act. He, therefore, has stated that the appeal of the assessee having become infructuous may be disposed off accordingly. In view of this, the appeal of the assessee is dismissed as not pressed. 3. In the result, the appeal of the assessee stands dismissed. Kolkata, the 28th April, 2022. Sd/- Sd/- [Girish Agrawal] [Sanjay Garg] Accountant Member Judicial Member