CIT (IT)-4(2)(2), MUMBAI vs STANDARD CHARTERED MASTERBRAND LICESING LTD(FORMERLY KNOWN AS STANDARD CHARTEREDSTRATEGIC BRAND MANAGEMENT LTD.), PALGHAR

Income Tax Appellate Tribunal, “I” BENCH, MUMBAI

Before: SHRI VIKAS AWASTHY, JM &

For Appellant: Shri S. S. Iyengar, DR

Hearing: 25/02/2021Pronounced: 25/03/2021

आदेश / O R D E R

PER S. RIFAUR RAHMAN, ACCOUNTANT MEMBER:

The present appeal has been filed by the revenue against the order dated 28.09.2018 passed by Ld. Commissioner of Income Tax (Appeals)- 58, Mumbai [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 she has filed the necessary declaration under Direct Tax Vivad se Vishwas Act, 2020 (Act 3 of 2020). She confirmed the receipt of Form-3 and prayer to withdraw the appeal. 3. The Ld. DR did not object to course so suggested.

Standard Chartered Masterbrand Licensing Ltd 4. In view of the above, we dismiss the appeal as withdrawn based on the letter submitted before us and assessee has filed the relevant Form No. 3 under the Vivad se Vishwas scheme, 2020.

In the result, the appeal of the revenue is dismissed.

CIT (IT)-4(2)(2), MUMBAI vs. STANDARD CHARTERED MASTERBRAND LICESING LTD(FORMERLY KNOWN AS STANDARD CHARTEREDSTRATEGIC BRAND MANAGEMENT LTD.), PALGHAR