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Income Tax Appellate Tribunal, MUMBAI BENCH “H” MUMBAI
Before: SHRI RAJESH KUMAR & SHRI RAVISH SOOD
ORDER PER RAVISH SOOD, J.M: The present appeal filed by the assessee firm is directed against the order passed by the CIT(A)-44, Mumbai, which in turn arises from the assessment order passed by the A.O under Sec. 143(3) of the Income-tax Act, 1961, dated 09.11.2017 for assessment year 2015-16.
Shri. Gurbinder Singh, the ld. Departmental Representative (for short “D.R”) at the very outset of the hearing of the appeal submitted that he has been intimated in writing by the assessee that it has filed an application under the Direct Tax Vivad se Vishwas Act, 2020 in order to settle the aforesaid matter pending before the Tribunal.
In view of the above, we dismiss the appeal as withdrawn, subject to a rider that in the unlikely event of the matter not being resolved under the Vivad se Vishwas scheme the assessee shall have liberty to approach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.
K. Mehta & Co. Vs. ACIT – Circle 32(2), Mumbai