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Income Tax Appellate Tribunal, “I” BENCH, MUMBAI
Before: SHRI VIKAS AWASTHY, JM &
आदेश / O R D E R
PER S. RIFAUR RAHMAN, ACCOUNTANT MEMBER:
The present appeal as well as CO has been filed by the revenue and assessee against the order dated 26.05.2017 passed by Ld. Commissioner of & CO-268/Mum/2019 M/s World Sports (India) Pvt. Ltd. Income Tax (Appeals) - 58 [hereinafter referred to as the “Ld. CIT(A)”] relevant to A.Y. 2011-12.
At the outset, when the appeal was called out for hearing, the Ld. Counsel of the assessee submitted that assessee has filed the necessary declaration under Direct Tax Vivad se Vishwas Act, 2020 (Act 3 of 2020). He filed letter dated 18.02.2021 confirming the receipt of Form-3 and prayer to withdraw the CO.
The Ld. DR did not object to course so suggested.
In view of the above, we dismiss the CO filed by assessee as withdrawn based on the letter submitted before us and assessee has filed the relevant Form No. 3 under the Vivad se Vishwas scheme, 2020. Accordingly, the appeal of the revenue becomes infrutuous as dismissed.
In the result, the CO filed by assessee and appeal filed by revenue stands dismissed. .