M/S. ZODIAC VINTRADE PVT. LTD.,(NOW AMALGAMATED WITH NIGHTANGLE TRADECOM (P) LTD.,),KOLKATA vs. ITO, WARD - 10(4), KOLKATA, KOLKATA

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ITA 589/KOL/2018Status: DisposedITAT Kolkata13 November 2018AY 2012-132 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 did not want to proceed with the appeal and had requested to withdraw it. The Tribunal accordingly dismissed the appeal as not pressed.

What were the facts?

The assessee filed an appeal before the ITAT against a revision order passed by the Pr. CIT. During the hearing, the assessee's authorized representative stated that the assessee no longer wished to pursue the appeal.

What were the issues?

Whether the assessee wished to withdraw its appeal before the Tribunal.

Which sections of the Income-tax Act were involved?

Section 263

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, “B” BENCH: KOLKATA

Hearing: 13.11.2018Pronounced: 13.11.2018

ORDER Per Shri A.T.Varkey, JM This appeal preferred by the assessee is against the revision order of the Pr. CIT, Kolkata-4, Kolkata passed u/s. 263 of the Income-tax Act, 1961 dated 05.03.2018 for AY 2012-13.

2.

At the time of hearing, the Ld. AR submitted that the assessee has instructed vide letter dated 25.10.2018 that it does not want to proceed with the above appeal. Hence, the Ld. AR wants to withdraw the appeal. Ld. DR has not objected to this prayer of the assessee’s Ld. AR. Hence, we dismiss the appeal of the assessee being not pressed 3. In the result, appeal of the assessee is dismissed being not pressed. Order is pronounced in the open court on 13/11/2018 Sd/- Sd/- (J. Sudhakar Reddy) (A. T. Varkey) Accountant Member Judicial Member

Dated: 13th November, 2018 Jd.(Sr.P.S.)

Zodiac Vintrade Pvt. Ltd., AY 2012-13 Copy of the order forwarded to:

1 Appellant – M/s. Zodiac Vintrade Pvt. Ltd. (now amalgamated with Nightangle Tradecom Pvt. Ltd.) 8E, Dacres Lane, 2nd floor, Kolkata-700 069. 2 Respondent – ITO, Ward-10(4), Kolkata. 3 CIT , Kolkata DR, Kolkata Benches, Kolkata (sent through e-mail) 4

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