CONTILOE PICTURES PRIVATE LIMITED ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX 16(1), MUMBAI
Before: SHRI NARENDER KUMAR CHOUDHRY & SHRI PRABHASH SHANKAR, ACCCOUNTANT MEMBER Assessment Year: 2020-21
Per : Narender Kumar Choudhry, Judicial Member:
This appeal has been preferred by the Assessee against the order dated 22.08.2024, impugned herein, passed by the Ld.
Addl/Joint Commissioner of Income Tax (Appeals) (in short
“Ld. Addl./Joint Commissioner”) u/s 250 of the Income Tax Act,
1961 (in short ‘the Act’) for the A.Y. 2020-21. M/s. Contiloe Pictures Private Limited
2
2. In the instant case, the Assessee with an intention to settle the dispute amicably through Vivad Se Vishwas Scheme, (in short
“VSVS”) 2024 has filed Form no.1. and willing to deposit the requisite amount to be determined by the Revenue Authority, and therefore, the appeal of the Assessee is liable to be dismissed, however, with liberty to the parties to seek recall of this order, in case of failure of the Assessee in non depositing the amount to be determined by the Revenue Authority and/or non settling the dispute through VSVS 2024 finally.
In the result, the appeal filed by the Assessee is dismissed as withdrawn with liberty to the parties as mentioned above.
Order pronounced in the open court on 06.02.2025. (PRABHASH SHANKAR) (NARENDER KUMAR CHOUDHRY)
ACCCOUNTANT MEMBER JUDICIAL MEMBER
* Kishore, Sr. P.S.
Copy to: The Appellant
The Respondent
The CIT, Concerned, Mumbai
The DR Concerned Bench
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By Order
Dy/Asstt.