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Income Tax Appellate Tribunal, “C” BENCH, MUMBAI
Before: SHRI SHAMIM YAHYA, AM & SHRI AMARJIT SINGH, JM
आदेश / O R D E R PER AMARJIT SINGH (JM): These appeals filed by the assessee against the order dated 13.05.2019 passed by the Commissioner of Income Tax (Appeals), 60 Mumbai [hereinafter referred to as the “CIT(A)”]. Relevant to the A.Y. 2014-15. 2. We have heard the argument advanced by the Ld. Representative of the Department and has gone through the case carefully. When these appeals were called out for hearing, the ld. Counsel of the assessee submitted that he has filed the necessary declaration under Direct Tax Vivad se Vishwas Act, 2020 (Act 3 of 2020) and is awaiting for final resolution of the matter under the said scheme. He submitted that upon completion of the necessary formalities, he will withdraw the appeals. In response to the suggestion from the Bench, he fairly accepted that he has no objection to the appeals being dismissed as withdrawn as long as his right & 4274/M/2019 A.Y. 2014-15 for revival of the appeals are protected, in the event of, for some unfortunate reason, the matter being not settled under the Vivad se Vishwas scheme.
The Ld. DR also did not object to course so suggested.
In view of the above, we dismiss the appeals as withdrawn, subject to be rider that in the unlikely event of matter not being resolved under the Vivad se Vishwas scheme, the assessee shall have liberty to approach the Tribunal for restoration of his appeals.