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Income Tax Appellate Tribunal, KOLKATA BENCH “C” KOLKATA
Before: Shri S.S.Godara & Dr. A.L. Saini
आदेश /O R D E R PER S.S.Godara, Judicial Member:- This assessee’s appeal for assessment year 2013-14 arises against the Commissioner of Income Tax-4, Kolkata’s order dated 15.03.2018 passed in No.PCIT-4/Kol/C-11(1)/Kol/263/2017-18/10965, involving proceedings u/s 263 of the Income Tax Act, 1961; in short ‘the Act’.
Learned counsel representing assessee submit at the outset that its instant appeal challenging correction of CIT’s sec. 263’s order has been rendered infructuous since the Assessing Officer’s consequential assessment has not made any disallowance / addition as per revision directions. He places Nature & Waste Management India P Ltd. Vs. CIT-Kol-4 Page 2 on record the consequential assessment order dated 26.12.2018 to this effect. The Revenue is fair enough in not disputing all these intervening developments.