ACIT CENT. CIR. - 18 & 19, MUMBAI vs. M/S. UPS FREIGHT SERVICES INDIA P. LTD., MUMBAI

These four appeals by the Revenue are directed against the orders of Commissioner of Income –tax (Appeals), Central VI, Mumbai (in short ‘the CIT(A) ) for the assessment years 2001-02 to 2004-05.

A letter dated 04/02/2021 has been received from the assessee stating that the assessee has opted for settlement of these appeals through ‘Viwad Se Vishwas Scheme, 2020’( in short ‘VSVS’).

Shri S.S.Iyengar, representing the Department stated that the Department has no objection if the assessee want to settle these appeals to avail the benefit of ‘VSVS’.

A perusal of above letter shows that the assessee’s declaration under VSVS for the impugned assessment years have been accepted and the Designated Authority has issued Form-3. In view of above, the appeals filed by the Revenue have become infructuous and are liable to be dismissed, as such.

Liberty is granted to the Revenue/appellant to revive the appeal(s), if the assessee/respondent for any reason whatsoever fails to honour the commitment necessary for obtaining final Form-5 under VSVS. The appeals by Revenue are dismissed as infructuous with liberty aforesaid.