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Income Tax Appellate Tribunal, MUMBAI BENCH “D” MUMBAI
ORDER PER RAVISH SOOD, J.M: The present appeal filed by the assessee is directed against the order passed by the CIT(Appeals)-3, Mumbai, dated 03.12.2018, which in turn arises from the assessment order passed by the A.O under Sec.143(3) r.w.s. 147 of the Act, dated 17.02.2016 for assessment year 2010-11.
The assessee’s counsel had stated that the assessee firm had filed an application under the Direct Tax Vivad se Vishwas Act, 2020 in order to settle the aforesaid matter pending before the Tribunal and has been issued Form 4 by the designated authority.
The ld. D.R did not controvert the aforesaid factual position as was stated 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In view of the above, we dismiss the appeal as withdrawn, subject to a rider that in the unlikely event of the matter not being resolved under the Vivad se Vishwas scheme the assessee shall have liberty to approach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.