PRECISION TIPS PVT LTD.,MUMBAI vs. ITO WARD 10 (3), MUMBAI

This appeal by the assessee is directed against the order of Commissioner of Income Tax (Appeals) -17, Mumbai (in short ‘the CIT (A)’) dated 12/07/2019 for the assessment year 2010-11.

A letter dated 24/03/2021 has been received from the Chartered Accountants of the assessee stating that the assessee has opted for ‘Viwad Se Vishwas Scheme, 2020’(in short ‘VSVS’). The declaration filed under VSVS has been accepted and hence, want to withdraw the appeal.

Ms. Shreekala Pardeshi representing the Department stated that the Department has no objection if the assessee wants to withdraw the appeal to avail the benefit of ‘VSVS’.

A perusal of above letter shows that the assessee’s declaration under VSVS for the impugned assessment year has been accepted and the Designated Authority has issued Form-3. In view of above, the appeal by assessee is dismissed as withdrawn.

In the result, appeal by assessee is dismissed as withdrawn.