RELIANCE BIG ENTERTAINMENT P. LTD,MUMBAI vs. DCIT 14(3)(1), MUMBAI

Vide letter dated 11-01-2021, kept on record, learned Authorised Representative of the assessee has submitted that the assessee has opted for settling the dispute arising in these appeals by filing application under the Direct Tax Vivad se Viswas Act, 2020 (copies of forms 1 & 2 have been enclosed to the said letter). On a suggestion from the bench, the learned Authorised Representative fairly accepted for withdrawal of the appeal filed by the assessee with liberty to seek restoration of the appeal. The learned Departmental Representative has also agreed for withdrawal of Revenue’s appeal with similar liberty.

Having considered rival submissions and keeping in view the fact that the assessee has already applied for settling the dispute arising in these appeals under the Direct Tax Vivad se Viswas Act, 2020, we are inclined to dismiss these appeals as withdrawn. However, if for any unforeseen reason assessee’s application under the Direct Tax Vivad se Viswas Act, 2020 is not accepted, both, the assessee and the revenue are granted liberty to seek recall of this order and restoration of the respective appeals filed by them. 4. In the result, both the appeals are dismissed with the aforementioned liberty.