AKBAR ABDEALI MUN,MUMBAI vs DCIT 24(1), MUMBAI

Income Tax Appellate Tribunal, MUMBAI BENCH “A” MUMBAI

For Respondent: Shri Brajendra Kumar, D.R

Hearing: 15/02/2021Pronounced: 15/02/2021

ORDER PER RAVISH SOOD, J.M: The present appeal filed by the assessee is directed against the order passed by the CIT(A)-42, Mumbai, which in turn arises from the assessment order passed by the A.O under Sec. 143(3) r.w.s 147 of the Income-tax Act, 1961, dated 24.03.2014 for assessment year 2006-07.

The assessee has filed a letter dated 11th February, 2021, wherein it is stated that it has filed an application under the Direct Tax Vivad se Vishwas Act, 2020 in Form 1 & Form 2 in order to settle the aforesaid matter pending before the Tribunal and is awaiting for the issuance of Form 3 by the designated authority. In support of its aforesaid claim the assessee had enclosed alongwith its letter copies of Form 1 & Form 2.

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

In view of the above, we dismiss the appeal as withdrawn, subject to a rider that in the unlikely event of the matter not being resolved under the Vivad se Vishwas scheme the assessee shall have liberty to approach the Tribunal for restoration of its appeal.

2 M/s Akbar AbdealiMun. Vs. DCIT-24(1)

AKBAR ABDEALI MUN,MUMBAI vs. DCIT 24(1), MUMBAI