NILESHKUMAR KISHORCHANDRA MEHTA,MUMBAI vs. ITO -19(2)(4), MUMBAI
Income Tax Appellate Tribunal, MUMBAI BENCH “B”, MUMBAI
Before: JUSTICE (RETD.) C.V. BHADANG & SHRI B.R. BASKARAN: A.Y : 2011-12
PER JUSTICE (RETD.) C.V. BHADANG, PRESIDENT :
This appeal is filed by the assessee challenging the order dated 08.02.2024
passed by the learned Commissioner of Income Tax (Appeals), NFAC, Delhi (‘CIT(A)’ for short). By the impugned order, the learned CIT(A) has partly allowed the appeal filed by the assessee thereby reducing the levy of penalty under Section 271(1)(c) of the Income Tax Act, 1961 to Rs.3,49,497/-.
Today, the appellant has filed an application seeking to withdraw the appeal on the ground that the appellant has opted for Direct Tax Vivad Se Vishwas Scheme, 2024 and accordingly, the application in Form no. 1 has been filed on 10.01.2025. The appellant has filed a letter to that effect dated 20.01.2025 alongwith a copy of the acknowledgement.
2
Nileshkumar Kishorchandra Mehta
In that view of the matter, the appeal is dismissed as withdrawn. The assessee shall have the liberty for restoration of appeal, if necessary and if so advised, subject to the final outcome of the application under the VsV Scheme.
Order pronounced in the open court on 22.01.2025. (B.R. BASKARAN)
(JUSTICE (RETD.) C.V. BHADANG)
ACCOUNTANT MEMBER
PRESIDENT
Mumbai; Dated : 22/01/2025
SSL
Copy of the Order forwarded to :
1. The Appellant
2. The Respondent
3. The CIT(Judicial)
4. PCIT
5. DR, ITAT, Mumbai
6. Guard File.
BY ORDER,
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