DCIT- CC- 5 (1), MUMBAI vs. BHARAT BABULAL JAIN, MUMBAI

आयकर अपीलीय अिधकरण “बी” �ायपीठ मुंबई म�। IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, MUMBAI माननीय �ी मनोज कुमार अ�वाल ,लेखा सद� एवं माननीय �ी रवीश सूद, �ाियक सद� के सम�। BEFORE HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM AND HON’BLE SHRI RAVISH SOOD, JM आयकरअपील सं./ (िनधा�रण वष� / Assessment Year: 2011-12) DCIT, CC-5(1) Shri Bharat Babulal Jain बनाम Room No.1928, 19th Floor 102, Royal Garden Air India Building Dr.A B Road, Atria Mall, Worli / Vs. Nariman Point, Mumbai-400 021 Mumbai-400 0048 �थायीलेखासं./जीआइआरसं./PAN/GIR No. AAEPJ-2184-L (अपीलाथ�/Appellant) (��थ� / Respondent) : & Cross Objection No. 195/ Mum/2019 (िनधा�रण वष� / Assessment Year: 2011-12) Shri Bharat Babulal Jain DCIT, CC-5(1) बनाम Room No.1928, 19th Floor 102, Royal Garden Dr.A B Road, Atria Mall, Worli Air India Building / Vs. Mumbai-400 0048 Nariman Point, Mumbai-400 021 �थायीलेखासं./जीआइआरसं./PAN/GIR No. AAEPJ-2184-L (अपीलाथ�/Appellant) (��थ� / Respondent) : Assessee by : Shri Anant A. Pai-Ld.AR Revenue by : Shri Tharian Oommen- Ld. DR सुनवाई की तारीख/ : 15/02/2021 Date of Hearing घोषणा की तारीख / : 15/02/2021 Date of Pronouncement आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. The captioned appeal by revenue for Assessment Year [AY] 2011-12 contest order of learned first appellate authority on certain grounds of appeal

. The assessee, upon receipt of notice of hearing, has preferred cross-objections against the same.

2. The learned counsel for Assessee, Shri Anant A. Pai, at the outset, submitted that the assessee has already opted for settlement of dispute under Direct Tax Vivad Se Vishwas Scheme (VVS Scheme), 2020 for the year under consideration and received Form No. 3 from appropriate authority. The Ld. DR conceded the stated fact.

3. In view of foregoing, the appeal filed by the revenue as well as cross-objections filed by the assessee becomes infructuous. Both stand dismissed with a liberty to appellant to seek recall of the appeal / cross-objections in case the aforesaid declaration filed under the scheme is not accepted, for whatever reasons.

4. The appeal as well as cross-objection stand dismissed as infructuous. Order pronounced on 15th February, 2021.