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Income Tax Appellate Tribunal, MUMBAI BENCH “H” MUMBAI
Before: SHRI S. RIFAUR RAHMAN & SHRI RAVISH SOOD
Assessee by : Shri Nikhil Gokhru, A.R Revenue by : Shri Gurbinder Singh, D.R Date of Hearing : 29/06/2021 Date of pronouncement : 29/06/2021 ORDER PER RAVISH SOOD, J.M: The present appeal filed by the assessee is directed against the order passed by the CIT(A)-3, Mumbai, dated 20.12.2017, which in turn arises from the order passed by the A.O u/s 143(3) of the Income Tax Act, 1961 (for short „Act‟), dated 30.12.2016 for A.Y. 2014-15.
The ld. Authorised Representative (for short “A.R”) for the assessee at the very outset of the hearing of the appeal submitted that as the assessee has filed an application under the Direct Tax Vivad se Vishwas Act, 2020 in order to settle the aforesaid matter pending before the Tribunal, therefore, as instructed, the captioned appeal may be allowed to be withdrawn. It was 2 Kanchan Arjun Gidde Vs. ITO, Ward 2(2) submitted by the ld. A.R that „Form 3‟ has been issued by the designated authority.
The ld. D.R did not controvert the aforesaid factual position as was canvassed before us.
In view of the above, we dismiss the appeal as withdrawn, subject to a rider that in the unlikely event of the matter not being resolved under the Vivad se Vishwas scheme the assessee shall have liberty to approach the Tribunal for restoration of its appeal.
Resultantly, the appeal is dismissed as withdrawn subject to the observation recorded hereinabove.
Order pronounced in the open court on 29/06/2021.