ITO, WARD-4(4), KOLKATA vs. M/S KNA SHARE BROKERS PVT. LTD., KOLKATA

This is an appeal preferred by the revenue against the order of Ld. CIT(A)- 2, Kolkata dated 01.05.2019 for AY 2013-14.

None appeared on behalf of the assessee. However, an application dated 12.04.2021 on behalf of the assessee has been placed on record wherein the assessee has submitted that the assessee does not want to contest this revenue appeal and assessee had filed Form 1 and 2 under the Direct Tax Vivad Se Vishwas Act in respect of this appeal and the competent authority has issued form no. 3. Therefore, taking into consideration the fact that since the assessee has opted for the Scheme for the AY 2013-14 and Form 3 has been issued by the Department which is placed on file, we dismiss the impugned appeal of the revenue.

In the result, the appeal of revenue is dismissed.