SLEEK INTERNATIONAL PVT LTD.,MUMBAI vs. DY CIT CIR. 15(3)(2), MUMBAI

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ITA 1081/MUM/2020Status: DisposedITAT Mumbai02 February 2021AY 2016-172 pages

In favour of the Revenue: the assessee's appeal was dismissed. From the AI summary of this appeal.

AI SummaryDismissed

What did the Tribunal hold?

The Tribunal accepted the suggestion of the learned representatives to dispose of the appeals. It was acknowledged that once a matter is resolved under the Vivad Se Vishwas Scheme, the related appeals are required to be withdrawn.

What were the facts?

The assessee filed appeals before the ITAT. The assessee later filed a petition seeking withdrawal of these appeals. The reason for withdrawal was that the matter was settled under the Vivad Se Vishwas Scheme 2020.

What were the issues?

The primary issue was the withdrawal of appeals due to settlement under the Vivad Se Vishwas Scheme.

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, MUMBAI ‘G’ BENCH, MUMBAI

O R D E R Per Pramod Kumar, VP : 1. The assessee has moved petition dated 28.01.2021, seeking withdrawal of the appeals on the ground that the matter is settled under Vivad Se Vishwas Scheme 2020. This petition was listed before us today for grant of early hearing.

2.

However, when the early petition was taken up for hearing, the learned representatives very fairly submitted that the appeals can be disposed of now itself. We accept the suggestion and proceed to dispose of the appeals.

3.

There is no dispute that once the matter is resolved under Vivad Se Vishwas Scheme 2020, the related appeals are required to be withdrawn. The learned representatives have fairly accepted this position.

4.

In view of the above position, as also bearing in mind entirety of the case, we deem it fit and proper to dismiss the appeals as withdrawn. , 1080 & 1081/Mum/2020 Assessment Years: 2014-15 to 2016-17 Page 2 of 3 5. In the result, the appeals are dismissed as withdrawn. Pronounced in the open court today on the 5th day of February, 2021.

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