JCIT (IN-SITU), KOLKATA vs. KOSC INDUSTRIES PRIVATE LIMITED, KOLKATA

This appeal is filed by the Revenue against the appellate order passed by the National Faceless Appeal Centre, Delhi [hereinafter referred as the learned CIT (A)] dated 24th January, 2024, for Assessment Year 2017-18, wherein the appeal filed by the Assessee against the assessment order dated 26th December, 2019, passed under section 143(3) of the Income Tax Act, 1961 (the Act) computing the total income of the Assessee as Rs.30,91,380/-, was dismissed.

On due consideration of the above facts and circumstances, we dismiss these appeal of the Revenue for want of tax effect. However, in case on re-verification of the facts at the end of the Assessing Officer, it comes out that tax effect is more or this case falls in any of the exceptions provided in this Instruction. Then Revenue will be at liberty to file Miscellaneous Application for revival of this appeal. Such application should be filed within the time limit provided in the Act.

In the result, the appeal of the Revenue is dismissed.