MILLIND MANOHAR DESHPANDE,KOLHAPUR vs. ITO, WARD 29 (2)(2), MUMBAI

Milind Manohar Deshpande - 2 - This appeal has been filed by the assessee against the order of the Commissioner of Income Tax (Appeals) - 40, Mumbai, passed u/s. 143 (3) r.w.s. 263 of the Income Tax Act, 1961.

At the time hearing, the Ld. AR of the assessee submitted that the assessee is intend to settle the tax litigation by opting for ‘Vivad se Vishwas Scheme 2020’(VSVS2020) and filed an application in Form No. 1 & 2 under VSVS Rules 2020. Contra, the Ld. DR has no objections.

We heard the rival contentions and perused the material on record. Since the assessee has opted for ‘Vivaad se Vishwas Scheme 2020’ and filed application as envisaged by the Ld.AR . We are of the view that, no purpose will be served in keeping the appeal pending. Accordingly, we dismiss the appeal of the assessee as withdrawn and the assessee is given liberty to move an application u/s 254(2) of the Act to recall the present order in accordance with the provisions of law.