HINDUSTAN PETROLEUM CORPORATION LTD,MUMBAI vs. ADDL CIT RG 1(1), MUMBAI

These cross appeals in CO No.220/Mum/2014, ITA No.7339/Mum/2016, ITA No.2673/Mum/2012, ITA No.4802/Mum/2013, ITA No.4435/Mum/2016, ITA No.7551/Mum/2016, ITA No.2325/Mum/2017 & ITA No.6093/Mum/2017 for A.Y.2008-09 to 2013-14 respectively arise out of the order by the ld. Commissioner of Income Tax (Appeals)-1 / 2 respectively Mumbai in appeal Nos.CIT(A)-I/IT-702/2010-11, CIT(A)-I/IT- 132/2011-12, CIT(A)-2/IT-85/2012-13, CIT(A)/IT 2A/2014-15, CIT(A)- 2/IT-279/2014-15 & CIT(A)-2/IT-06/2016-17 dated 15/02/2012, 31/03/2013, 09/03/2016, 31/08/2016, 30/12/2016 & 26/07/2017 respectively (ld. CIT(A) in short) against the order of assessment passed u/s.143(3) of the Income Tax Act, 1961 (hereinafter referred to as Act)

We find that the ld. Counsel for the assessee Ms. Aarti Sathe submitted that assessee filed a letter dated 30/09/2021 mentioning that an application had been preferred under direct tax “Vivad Se Viswas Scheme 2020” to settle these tax disputes for the years under consideration and had obtained Form-3 from the designated authority thereon, copy of which was enclosed alongwith this letter. She also stated that due taxes for all the years had already been paid by the assessee under „Vivad se Vishwas Scheme‟ 2020.

In view of this, we hereby treat the cross appeals pending before us as dismissed and withdrawn with a liberty given to both the parties to get the appeals restored in the event that assessee‟s declaration made under “Vivad Se Viswas Scheme 2020” is declared bad in law in future for any reason whatsoever.

In the result, appeals and cross objection of the assessee and Revenue are dismissed as withdrawn.