ACIT, 14(1)(2), MUMBAI, MUMBAI vs. FORTRAN STEEL PRIVATE LIMITED, MUMBAI
In favour of the assessee: the Revenue's appeal was dismissed. From the AI summary of this appeal.
What did the Tribunal hold?
The assessee sought to withdraw the appeal as they had opted for the Vivad Se Vishwas Scheme. The appeal was dismissed as infructuous with liberty to file an application for recalling the appeal if the scheme application was not accepted.
What were the facts?
The Revenue preferred an appeal against the order of the Ld. CIT(A) relating to penalty under section 271(1)(c) of the Income-tax Act, 1961. The assessee had opted for the 'Vivad Se Vishwas' Scheme, 2024.
What were the issues?
Whether the appeal can be withdrawn by the assessee due to opting for the Vivad Se Vishwas Scheme.
Which sections of the Income-tax Act were involved?
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, MUMBAI BENCH “F” MUMBAI
Before: SHRI OM PRAKASH KANT & MS. KAVITHA RAJAGOPAL
This appeal has been preferred by the Revenue against order dated 05.01.2024 passed by the Ld. Commissioner of Income-tax (Appeals) – National Faceless Appeal Centre, Delhi [in short ‘the Ld. CIT(A)’] for assessment year 2011-12 in relation to penalty u/s 271(1)(c) of the Income-tax Act, 1961 (in short ‘the Act’).
At the outset, the Ld. counsel for the assessee submitted that At the outset, the Ld. counsel for the assessee submitted that At the outset, the Ld. counsel for the assessee submitted that assessee has opted for has opted for ‘Vivad Se Vishwas’ Scheme, 2024 and Scheme, 2024 and therefore, assessee seeks to withdraw the present appeal. The Ld. therefore, assessee seeks to withdraw the present appeal. The Ld. therefore, assessee seeks to withdraw the present appeal. The Ld. counsel also filed a copy of the relevant Form counsel also filed a copy of the relevant Form submitted submitted before the prescribed authority which is placed on record. In view of request of authority which is placed on record. In view of request of authority which is placed on record. In view of request of the assessee for withdrawal of the appeal he assessee for withdrawal of the appeal, the appeal , the appeal is dismissed as infructuous with liberty to file an application for recalling the as infructuous with liberty to file an application for recalling the as infructuous with liberty to file an application for recalling the appeal in case the application of the assessee under ‘Vivad Se appeal in case the application of the assessee under appeal in case the application of the assessee under Vishwas Scheme’ finally not finally not accepted.
In the result, the appeal of the Revenue is dismissed as In the result, the appeal of the Revenue is dismissed as In the result, the appeal of the Revenue is dismissed as withdrawn.
More judgments on Section 271(1)(c)
- Ajaybhai Dineshbhai Bagdai, Near Central… vs The Income Tax Officer, Ward-1(2)(1), New…ITA 74/RJT/2026[2013-14]Status: Disposed19 Oct 2026AY 2013-14
- Shalin Jayantbhai Desai, Vadodara vs ACIT, Circle-4(2), Vadodara Present…ITA 2569/AHD/2026[2010-11]Status: Disposed19 Oct 2026AY 2010-11
- Neo Structo Construction P. Ltd., Ahmedabad vs The Pr. CIT- 3, AhmedabadITA 1216/AHD/2026[2015-2016]Status: Disposed16 Oct 2026AY 2015-2016
- Hetal Vinodchandra Sheth, Ahmedabad vs The ITO, Ward-5(3)(1), AhmedabadITA 2370/AHD/2025[2014-15]Status: Disposed16 Oct 2026AY 2014-15
- Hetal Vinodchandra Sheth, Ahmedabad vs The ITO, Ward-5(3)(1), AhmedabadITA 2369/AHD/2025[2014-15]Status: Disposed16 Oct 2026AY 2014-15
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