M/S MADHURAM MICRON TOOLS P LTD.,MUMBAI vs ACIT CIRCLE-1, MUMBAI

Income Tax Appellate Tribunal, MUMBAI BENCH “SMC” MUMBAI

Before: SHRI S.RIFAUR RAHMAN & SHRI RAVISH SOOD

For Appellant: Ms. Radha Halbe, A.R

For Respondent: Shri Sanjay J. Sethi, D.R

Hearing: 12/08/2021Pronounced: 12/08/2021

ORDER PER RAVISH SOOD, J.M: The present appeal filed by the assessee is directed against the order passed by the CIT(A)- 24, Mumbai, which in turn arises from the assessment order passed by the A.O under Sec. 143(3) r.w.s 147 of the Income-tax Act, 1961 dated 23.03.2016 for assessment year 2013-14.

At the very outset of the hearing of the appeal it was submitted by the ld. Authorized Representative (for short ‘A.R’) for the assessee that the assessee had opted for the Direct Tax Vivad se Vishwas Act, 2020 in order to settle the aforesaid matter pending before the Tribunal. Accordingly, it is requested by the assessee that in the backdrop of the aforesaid facts the captioned appeal may be allowed to be withdrawn.

The ld. D.R did not controvert the aforesaid factual position as had been stated before us.

2 M/s Madhuram Micron Tools P. Ltd. Vs. ACIT, Circle 1

M/S MADHURAM MICRON TOOLS P LTD.,MUMBAI vs. ACIT CIRCLE-1, MUMBAI