UTV SOFTWARE COMMUNICATIONS LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX 16(1), MUMBAI

5661/Mum/2019 M/s. UTV Software Communications Ltd., Commissioner of Income Tax (Appeals)-58, Mumbai in appeal Nos. CIT(A)-58, Mumbai/10260/2017-18 & CIT(A)-4/e-file-45/ACIT- 16(1)/2017-18 dated 15/07/2019 & 06/06/2019 (ld. CIT(A) in short) against the order of assessment passed u/s.143(3) & 143(3) r.w.s. 144C(4) of the Income Tax Act, 1961 (hereinafter referred to as Act) dated 29/05/2014 & 08/12/2017 respectively by the ld. Income Tax Officer, 11(1), Mumbai (hereinafter referred to as ld. AO).

We find that the assessee filed a letter dated 07/05/2021 mentioning that an application had been preferred under direct tax “Vivad Se Viswas Scheme 2020” to settle this tax dispute for the year under consideration and had obtained Form-3 from the designated authority thereon, copy of which was enclosed alongwith this letter.

In view of this, we hereby treat the appeals pending before us as dismissed and withdrawn with a liberty given to the assessee to get the appeals restored in the event that assessee’s declaration made under “Vivad Se Viswas Scheme 2020” is declared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 of the assessee and Revenue are dismissed.