I B Hospitality Pvt. Ltd., Mumbai vs DCIT | ITAT Mumbai 2021

Income Tax Appellate Tribunal, MUMBAI BENCH “C” MUMBAI

Before: SHRI M. BALAGANESH & SHRI RAVISH SOOD

For Appellant: Ms. Sakshi, A.R

For Respondent: Ms. Shreekala Pardeshi, D.R

Hearing: 10/03/2021Pronounced: 10/03/2021

ORDER PER RAVISH SOOD, J.M: The present appeal filed by the assessee is directed against the order passed by the CIT(A)-8, Mumbai, which in turn arises from the assessment order passed by the A.O under Sec. 143(3) of the Income-tax Act, 1961, dated 05.03.2015 for assessment year 2012-13.

The assessee has filed a letter dated 09th March, 2021, wherein it is stated that it is in the process of filing an application under the Direct Tax Vivad se Vishwas Act, 2020 in order to settle the aforesaid matter pending before the Tribunal.

In view of the above, we dismiss the appeal as withdrawn, subject to a rider that in the unlikely event of the matter not being resolved under the Vivad se Vishwas scheme the assessee shall have liberty to approach the Tribunal for restoration of its appeal.

2 I.B. Hospitality Pvt. Ld. Vs. Dy. CIT-3(2)(1)

I B HOSPITALITY PVT. LTD. ,MUMBAI vs. DCIT-3(2)(1), MUMBAI, MUMBAI