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Income Tax Appellate Tribunal, MUMBAI BENCH “SMC”, MUMBAI
ORDER These appeals by the Revenue are directed against the order of Commissioner of Income Tax (Appeals)-34, Mumbai ( in short ‘the CIT(A)’) dated 09/05/2019 common for the assessment years 2010-11 and 2011-12.
The assessee has filed letter dated 21/01/2021 stating that the assessee has opted for settlement of these appeals under ‘Viwad Se Vishwas Scheme, 2020’( in short ‘VSVS’) and has filed declaration before the concerned authority and the same has been accepted, Form -3 received.
(A.Y.2010-11) ITA NO. 5708/MUM/2019(A.Y.2011-12)
Shri Sushil Kumar Mishra, representing the Department stated that the Department has no objection if the assessee want to settle these appeals to avail the benefit of ‘VSVS’.
Since, the assessee has opted for availing the benefit of VSVS, the appeals filed by the Revenue have become infructuous and are thus, liable to be dismissed, as such.
Liberty is granted to the Revenue/appellant to revive the appeals , if the assessee/respondent for any reason whatsoever fails to comply the conditions specified in Form-3. The appeals by Revenue are dismissed as infructuous, with liberty aforesaid. Order pronounced in the open court on Wednesday, the 31st day of March, 2021.