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Income Tax Appellate Tribunal, MUMBAI BENCH “H” MUMBAI
ORDER PER RAVISH SOOD, J.M: The present appeal filed by the assessee is directed against the order passed by the CIT(A)-20, Mumbai, which in turn arises from the order passed by the A.O under Sec. 271(1)(c) of the Income-tax Act, 1961, dated 20.04.2018 for assessment year 2010-11.
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 had 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the aforesaid matter pending before the Tribunal, therefore, as instructed, the captioned appeal may be allowed to be withdrawn.
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In view of the above, we dismiss the appeal as withdrawn, subject to a rider that in the unlikely event of the matter not being resolved under the Vivad se Vishwas scheme the assessee shall have liberty to approach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.
2 Hatkesh Chemicals Pharmaceuticals Pvt. Ltd. Vs. ITO 12(2)(3), Mumbai