PUNIT K. SHAH,MUMBAI vs ITO 25(2)(2), MUMBAI

Income Tax Appellate Tribunal, “C” BENCH, MUMBAI

For Appellant: Shri Bharat Kumar

For Respondent: Ms. Shreelala Pardeshi

Hearing: 18.03.2021

O R D E R Per Mahavir Singh, VP: This appeal by the assessee is arising out of the order of the Commissioner of Income Tax (Appeals)-XXV, Mumbai (‘CIT(A)’ for short) in appeal no. CIT(A)- XXV/ito.25(2)(2)/IT/371/07-08 vide order dated 14.11.2008. The assessment was framed by the ITO-25(2)(2), Mumbai u/s. 144 of the Income Tax Act, 1961 (‘the Act’ hereinafter) for the assessment year (A.Y.) 2005-06 vide his order dated 31.12.2007.

At the outset, the ld. Counsel of the assessee before us stated that the assessee has opted for Vivad Se Vishwas Scheme 2020 and for that he has filed Form No.3, received from the department and he want to withdraw the appeal as he is settling this case under this scheme.

As the assessee is availing Vivad Se Vishwas Scheme 2020, we permit him to withdraw his appeal and the appeal is dismissed as withdrawn.

In the result, the assessee’s appeal is dismissed as withdrawn. Order pronounced in the open court on 18.03.2021.

PUNIT K. SHAH,MUMBAI vs. ITO 25(2)(2), MUMBAI