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Income Tax Appellate Tribunal, “J” BENCH, MUMBAI
Before: SHRI MAHAVIR SINGH & SHRI S. RIFAUR RAHMAN
The captioned appeal has been filed by the assessee challenging the order dated 20th September 2019, passed under section 144C(5) of the Income Tax Act, 1961 (for short "the Act") in pursuance to the directions of leaned Dispute Resolution Panel (DRP)–2, Mumbai, pertaining to the assessment year 2015–16.
While going through the record available before us, we find that the assessee has filed a letter dated 5th April 2021, seeking withdrawal
2 Panasonic Life Solutions India Pvt. Ltd. of its appeal in view of the fact that it has applied for settling the tax dispute under the Vivad Se Vishwas Tax Scheme, 2020. The letter submitted by the assessee is accompanied by Form–1 and 2 of the declaration filed under the aforesaid scheme and Form no.3 issued by the Revenue. The aforesaid letter along copy of Form no.1, 2 and 3, are also kept on record.
The learned Departmental Representative has no objection for withdrawal of the appeal by the assessee.
Considering the fact that the assessee has sought withdrawal of the present appeal, as the assessee has applied for settling the dispute under Vivad Se Vishwas Scheme, 2020, we permit the assessee to withdraw the appeal at this stage since the Department issued Form no.3. With these observations, the appeal by the assessee is liable to be dismissed as withdrawn.