ASST CIT 9(2)(1), MUMBAI vs CHIRON BEHRING VACCINES P.LTD, MUMBAI

Income Tax Appellate Tribunal, “K” BENCH, MUMBAI

Before: HON’BLE SHRI MAHAVIR SINGH, VP & HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM

For Appellant: Shri Harsh Sangoi– Ld. AR

For Respondent: Shri Ajay Sharma – Ld. CIT-DR, Shri Harsh Sangoi– Ld. AR

O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. The Ld. AR, at the outset, drew attention to email dated 17/10/2021 to submit that the assessee has already opted for settlement of dispute for the year under Direct Tax Vivad Se Vishwas Scheme (VVS Scheme), 2020. The Ld. AR submitted that Form-4 has been filed and Form-5 is awaited from appropriate authority. The Ld. AR also submitted that no payment is due from the assessee. The Ld. CIT-DR could not controvert the position that the revenue’s appeal has become infructuous.

In view of foregoing, the revenue’s appeal stand dismissed as infructuous with a liberty to revenue to seek restoration of the appeal, in case the declaration filed under the scheme is not accepted, for whatever reasons.

The appeal stands dismissed as infructuous. Order pronounced on 18th October, 2021.

ASST CIT 9(2)(1), MUMBAI vs. CHIRON BEHRING VACCINES P.LTD, MUMBAI