M/S VAMA APPARELS (I) PVT LRD.,MUMBAI vs ACIT CENTRAL CIRCLE-42, MUMBAI

Income Tax Appellate Tribunal, MUMBAI BENCH “F” MUMBAI

Before: SHRI RAJESH KUMAR & SHRI RAVISH SOOD

For Respondent: Shri Usha Gaikwad, D.R

Hearing: 25/02/2021Pronounced: 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)-49, Mumbai, 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 21.03.2014 for assessment year 2008-09.

The assessee has filed a letter on 25/28th February, 2021, wherein it is stated that it 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 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 It is stated by the assessee that in the backdrop of the aforesaid facts the captioned appeal may allowed to be withdrawn.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 Vama Apparels (I) Pvt. Ltd. Vs. ACIT, Central circle-42

M/S VAMA APPARELS (I) PVT LRD.,MUMBAI vs. ACIT CENTRAL CIRCLE-42, MUMBAI