M/s Falcon Complex Pvt. Ltd., Kolkata I.T.O.Ward-1(4), Kolkata


Quick Summary
M/s Falcon Complex Pvt. Ltd. requested to withdraw their appeal (ITA No. 528/Kol/2019) before the Income Tax Appellate Tribunal, Kolkata. The company had opted for the 'Vivad Se Vishwas Act, 2020' scheme and received a certificate from the designated authority. The Tribunal accepted the application and dismissed the appeal as withdrawn.

Court :
ITAT Kolkata

Brief :
The assessee seeks permission of this Bench to withdraw its appeal in ITA No. 528/Kol/2019 as it has availed the scheme under “Vivad Se Vishwas Act, 2020” vide its application dated 31.03.2021. The assessee states that it has been granted certificate by the designated authority in Form No. 3 under the provisions of “Vivad Se Vishwas Act, 2020”.

Citation :
I.T.A. No. 528/Kol/2019

IN THE INCOME TAX APPELLATE TRIBUNAL
KOLKATA ‘A’ BENCH, KOLKATA
(Virtual Court)

(Before Sri J. Sudhakar Reddy, Accountant Member & Sri Aby.T. Varkey, Judicial Member)

I.T.A. No. 528/Kol/2019
Assessment Year: 2014-15

M/s Falcon Complex Pvt. Ltd.. ….....................Appellant
[PAN: AAACF 4363 N]

Vs.

ITO, Ward-1(4), Kolkata…...............Respondent

Appearances by:

None appeared on behalf of the assessee.
Shri Jayanta Khanra, JCIT, appeared on behalf of the Revenue.

Date of concluding the hearing : April 16, 2021
Date of pronouncing the order : April 21, 2021

ORDER

Per Bench:

 The assessee seeks permission of this Bench to withdraw its appeal in ITA No. 528/Kol/2019 as it has availed the scheme under “Vivad Se Vishwas Act, 2020” vide its application dated 31.03.2021. The assessee states that it has been granted certificate by the designated authority in Form No. 3 under the provisions of “Vivad Se Vishwas Act, 2020”.

2. We accept this application of assessee and dismiss this appeal as withdrawn.
Kolkata, the 21st April, 2021.

Sd/-                              Sd/-
[Aby.T. Varkey]                   [J. Sudhakar Reddy]
Judicial Member                   Accountant Member

Dated: 21.04.2021
SB, Sr. PS

Copy of the order forwarded to:
1. M/s Falcon Complex Pvt. Ltd., 167/4, Lenin Sarani, Dharmatala, Kolkata-700072
2. ITO, Ward- 1 (4), Kolkata
3. CIT(A)- 6, Kolkata. (sent through mail)
4. CIT5. CIT(DR), Kolkata Benches, Kolkata. (sent through mail)

True copy
By order
Assistant Registrar
ITAT, Kolkata Benches 

 

FAQ :

The appeal was withdrawn because M/s Falcon Complex Pvt. Ltd. availed the scheme under the 'Vivad Se Vishwas Act, 2020'.

The appeal withdrawn was ITA No. 528/Kol/2019 for the Assessment Year 2014-15.

It is a scheme that M/s Falcon Complex Pvt. Ltd. used to resolve their tax dispute, leading to the withdrawal of their appeal.

Yes, the Income Tax Appellate Tribunal accepted the application and dismissed the appeal as withdrawn.

 

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