WHEAT CORN AGRO PVT. LTD.,KOLKATA vs. ITO, WARD-10(2), KOLKATA

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ITA 2337/KOL/2019Status: DisposedITAT Kolkata05 October 2020AY 2014-152 pages

In favour of the Revenue: the assessee's appeal was dismissed. From the AI summary of this appeal.

AI SummaryDismissed

What did the Tribunal hold?

The tribunal noted that the assessee wished to withdraw the appeal in light of the Vivad Se Vishwas settlement. Therefore, the assessee was allowed to withdraw the appeal.

What were the facts?

The assessee filed an appeal against the order of the CIT(A) for AY 2014-15. The assessee subsequently filed Form 1 and 2 under the Direct Tax Vivad Se Vishwas Act, and the competent authority issued Form No. 3.

What were the issues?

Whether the appeal should be dismissed as withdrawn due to settlement under the Vivad Se Vishwas Act.

Which sections of the Income-tax Act were involved?

Direct Tax Vivad Se Vishwas Act

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, “C” BENCH: KOLKATA

Before: Shri P.M. Jagtap(KZ) & Shri A. T. Varkey, JM]

Pronounced: 05.10.2020

ORDER

Per A. T. Varkey, JM:

1.

This is an appeal preferred by the assessee against the order of Ld. CIT(A)-2, Kolkata dated 22-08-2019 for Assessment Year 2014-15.

2.

At the outset, it was brought to our notice that the assessee had filed Form 1 and 2 under the Direct Tax Vivad Se Vishwas Act on 20.03.2020 in respect of this appeal and the competent authority has issued form no. 3 dated 24.06.2020, a copy of the same is available in file, which is before us. In the light of the above facts discussed, the assessee wishes to withdraw the appeal. Therefore, we allow the assessee to withdraw the appeal. 3. In the result, the appeal of assessee is dismissed as withdrawn. Order is pronounced in the open court.

P. M. Jagtap) (Aby. T. Varkey) Vice President Judicial Member Dated : 5th October, 2020 Jd.(Sr.P.S.)

Wheat Corn Agro Pvt. Ltd., AY- 2014-15 Copy of the order forwarded to: 1. Appellant –M/s. Wheat Corn Agro Pvt. Ltd., 5A. Wood Burn Park Road, Woodburn Central, 3rd floor, Kolkata-700020 2 Respondent –ITO, Ward-10(2) Kolkata 3. CIT(A)-2, Kolkata. (sent through e-mail) 4. CIT- , Kolkata 5. DR, ITAT, Kolkata. (sent through e-mail)

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