Metropolitan Clearing Corporation… vs Income Tax Ward Number-10(2)(2)… | ITAT Mumbai 2021

Income Tax Appellate Tribunal, MUMBAI BENCH “D” MUMBAI

Before: SHRI RAVISH SOOD & SHRI N.K. PRADHAN

For Appellant: Shri Ashok J. Patil, A.R

For Respondent: Shri Bharat Andhale, D.R

Hearing: 26/02/2021Pronounced: 01/03/2021

ORDER PER RAVISH SOOD, J.M: The present appeal filed by the assessee is directed against the order passed by the CIT(A)-17, 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 09.02.2016 for assessment year 2013-14.

The counsel for the assessee has filed a letter on 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 and has received the certificate in ‘Form 3’ under sub- section (1) of Sec. 5 of Direct Tax Vivad se Vishwas Act, 2020 from the designated authority. In support of its aforesaid claim the assessee had enclosed alongwith its letter ‘Form 3’ issued by the designated authority. It is stated by the counsel that in the backdrop of the aforesaid facts the captioned appeal may allowed to be withdrawn.

The ld. D.R did not controvert the aforesaid factual position as was canvassed before us.

2 M/s Metropolitan Clearing Corporation of India Ltd. Vs. ITO, Ward No. 10(2)(2)

METROPOLITAN CLEARING CORPORATION OF INDIA LIMITED,MUMBAI vs. INCOME TAX WARD NUMBER-10(2)(2), MUMBAI