SAMUDRA LINK FERRY SHIPPING & CRUISE SERVICE PVT. LTD.,MUMBAI vs. THE INCOME TAX OFFICER 2(3)(2), MUMBAI

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ITA 7261/MUM/2018Status: DisposedITAT Mumbai24 March 2021AY 2010-113 pages

In favour of the Revenue: the assessee's appeal was dismissed. From the AI summary of this appeal.

AI SummaryDismissed

What did the Tribunal hold?

The Tribunal noted that the assessee had opted for the 'Vivad se Vishwas Scheme 2020' and had received Form-3. Therefore, keeping the appeal pending would serve no purpose.

What were the facts?

The assessee intended to settle tax litigation by opting for the 'Vivad se Vishwas Scheme 2020'. The assessee filed an application under the scheme, and the revenue had no objections.

What were the issues?

Whether the appeal should be kept pending when the assessee has opted for the Vivad se Vishwas Scheme 2020 for settlement.

Which sections of the Income-tax Act were involved?

Section 143(3),Section 147,Section 250,Section 254(2)

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, “G” BENCH, MUMBAI

For Appellant: Ms. Dinkle Hariya, AR
For Respondent: Shri Dinesh Parchuri, Sr. DR
Hearing: 23.03.2021Pronounced: 24.03.2021

O R D E R

PER PAVAN KUMAR GADALE, JM:

1.

The appeal is filed by the assessee against the order of the Commissioner of Income Tax (Appeals) -6 Mumbai, passed u/s. 143(3) r.w.s 147 and 250 of the Income Tax Act, 1961.

2.

At the time hearing, the Ld.AR has filed a letter dated 19-03-2021 explaining that the assessee is intend to settle the tax litigation by opting for ‘Vivad se Vishwas

Samudra Link Ferry shipping & Cruise Service Pvt Ltd, Mumbai. - 2 - Scheme 2020’(VSVS2020) and filed an application in Form No. 1 & 2 under VSVS Rules 2020. Contra, the Ld. DR has no objections.

3.

We heard the rival submissions and perused the material on record. Since the assessee has opted for ‘Vivaad se Vishwas Scheme 2020’ and the Ld.AR has filed a letter mentioning that the assessee has applied under VSVS 2020 and has received Form-3 from the Income Tax Department. We are of the view that, no purpose will be served in keeping the appeal pending. Accordingly, we dismiss the appeal of the assessee as withdrawn and the assessee is given liberty to move an application u/s 254(2) of the Act to recall the present order as per provisions of Law.

4.

In the result, the appeal filed by the assessee is dismissed.

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