OWENS-CORNING (INDIA) PRIVATE LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX-15(1)(1), MUMBAI
Before: SHRI NARENDER KUMAR CHOUDHRYAssessment Year: 2021-22
Per : Narender Kumar Choudhry, Judicial Member:
This appeal has been preferred by the Assessee against the order dated 25.07.2024, impugned herein, passed by the National
Faceless Appeal Center (NFAC)/ Ld. Commissioner of Income Tax
(Appeals) (in short Ld. Commissioner) under section 250 of the Income Tax Act, 1961 (in short ‘the Act’) for the A.Y. 2021-22. M/s. Owens-Corning (India) Private Limited
2
2. In the instant case, the Assessee has opted for Vivad Se
Vishwas Scheme 2024 (in short “VSVS, 2024”) and filed form no.1
and undertakes to deposit the requisite amount to be determined by the Revenue Authority. The Ld. DR did not refute, such claim of the Assessee.
Considering the aforesaid peculiar facts and circumstances, this Court is inclined to dismiss the appeal filed by the Assessee as dismissed as withdrawn, however, with liberty to the parties to seek recalling of this order, in case of failure of the Assessee to deposit the requisite amount to be determined by the concerned authority under VSVS, 2024. 4. Thus, the appeal filed by the Assessee is accordingly dismissed as withdrawn with liberty to the parties as mentioned above.
Order pronounced in the open court on 10.01.2025. (NARENDER KUMAR CHOUDHRY)
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.