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Income Tax Appellate Tribunal, MUMBAI BENCH “C” MUMBAI
ORDER PER RAVISH SOOD, J.M: The present appeal filed by the revenue is directed against the order passed by the CIT(A)- XXVII, Mumbai, dated 30.08.2007, which in turn arises from the penalty order passed by the A.O under Sec.271(1)(c) of the Income-tax Act, 1961, dated 31.03.2006 for assessment year 1996-97.
The ld. Authorised representative (for short “A.R”) for the assessee has e-filed a letter dated 12th February, 2021, wherein it is stated that the assessee had filed an application under the Direct Tax Vivad se Vishwas Act, 2020 in order to settle the aforesaid matter pending before the Tribunal. In support of his aforesaid claim the ld. A.R had stated that “Form 3” has been issued to the assessee by the designated authority (copy placed on record). It is stated by the assessee that in the backdrop of the aforesaid facts the captioned appeal filed by the revenue may be directed to be withdrawn.
The ld. D.R did not controvert the aforesaid factual position as was canvassed before us.