LYKOS INDIA PRIVATE LIMITED ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE -5(2), , MUMBAI

IN THE INCOME-TAX APPELLATE TRIBUNAL “K” BENCH,
MUMBAI
BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER
&
SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER

ITA 4808/MUM/2024

(A.Y. 2020-21)

Lykos India Private Limited,
Unit No 1001 and 1101, A Wing, One BKC, Plot No. C-66,
G
Block,
Bandra
Kurla
Complex,
Bandra
(East),
Mumbai–400051, Maharashtra v/s.
बनाम
Assistant Commissioner of Income Tax, Central Circle
– 5(2), Kautilya Bhavan,
Bandra
Kurla
Complex,
Bandra (East), Mumbai –
400051, Maharashtra
स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AACCL6124H
Appellant/अपीलार्थी
..
Respondent/प्रतिवादी

Appellant by :
Mr. Nisarg Parikh, AR
Respondent by :
Shri Kiran Unavekar, (Sr. DR)

Date of Hearing
24.04.2025
Date of Pronouncement
01.05.2025

आदेश / O R D E R

PER PRABHASH SHANKAR [A.M.] :-

The present appeal filed by the assessee emanates from the order dated 14.06.2024 passed u/s 143(3) r.w.144C(13) of the Income-tax Act,
1961 [hereinafter referred to as “Act”] for the Assessment Year [A.Y.]
2020-21.Various grounds of appeal have been filed by the assessee.
2. When the case was called up for hearing in the Bench, the ld.AR of the assessee pointed out vide letter dated 23.04.2025 that the assessee had preferred to move an application under the Direct Tax -

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Lykos India Private Limited

Vivad se Vishwas Scheme, 2024 and is waiting for the approval. A copy of the Form-1, being the Form for filing declaration under sub- section (1) and undertaking under sub-section (4) of section 91 of the Finance (No. 2) Act, 2024 has been placed on record.
3. In view of above referred application, the impugned appeal is treated as withdrawn and accordingly dismissed. However, the assessee is allowed the liberty to revive it again, in case of non- acceptance of its application under the above scheme by the Revenue.
4. In the result, the appeal having been withdrawn is treated as dismissed.
Order pronounced in the open court on 01/05/2025. NARENDER KUMAR CHOUDHRY
PRABHASH SHANKAR
(न्याययक सदस्य /JUDICIAL MEMBER)
(लेखाकार सदस्य/ACCOUNTANT MEMBER)

Place: म ुंबई/Mumbai
ददनाुंक /Date 01.05.2025
Lubhna Shaikh / Steno

आदेश की प्रयियलयि अग्रेयिि/Copy of the Order forwarded to :
1. अपीलार्थी / The Appellant
2. प्रत्यर्थी / The Respondent.

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Lykos India Private Limited

सत्यावपि प्रवि ////
आदेशानुसार/ BY ORDER,

उि/सहायक िंजीकार (Dy./Asstt.