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Fastspeed Creation Private Limited vs. Income Tax Officer, Ward 7(3), Kolkata

Case No: ITA No. 1565/Kol/2024
Court: Income Tax Appellate Tribunal 'A' Bench Kolkata
Date: 3/27/2025

Parties Involved

appellantFastspeed Creation Private Limited
respondentIncome Tax Officer, Ward 7(3), Kolkata

Facts Summary

This is an appeal filed by Fastspeed Creation Private Limited against the order of the Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, passed under section 250 of the Income Tax Act, 1961 for Assessment Year 2012-13. None appeared on behalf of the assessee during the hearing, and Shri Nicholas Murmu, Addl. CIT-DR appeared on behalf of the Revenue. The assessee had opted for the Vivad Se Vishwas Scheme 2024 (VSVS 2024 Scheme) by filing Form No. 4 with the competent authority and prayed for the adjournment of the case till the VSVS process is complete. As per the VSVS, the assessee is required to withdraw the appeal.

Decision in favour of

Revenue

Legal Issues

  • 1. Whether the appeal should be dismissed as withdrawn under the Vivad Se Vishwas Scheme 2024.

Judgment Outcome

Decided in favour of Revenue.

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