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Income Tax Appellate Tribunal, MUMBAI BENCH “A” MUMBAI
ORDER PER RAVISH SOOD, J.M: The present appeal filed by the assessee is directed against the order passed by the CIT(A)- 31, Mumbai dated 17.02.2014, which in turn arises from the penalty order passed u/s 271(1)(c) of the Income-tax Act, 1961, dated 26.03.2012 for assessment year 2007-08.
The ld. Authorised representative (for short “A.R”) for the assessee had filed a letter on 19/20.01.2021 wherein it is stated that the assessee had filed the necessary declaration under the Direct Tax Vivad se Vishwas Act, 2020 (3 of 2020). In the backdrop of the aforesaid fact, it is requested by the ld. A.R that the department be directed to withdraw its appeal. Our attention was drawn by the Ld. A.R towards the copy of „Form 1‟ evidencing filing of the declaration under the aforesaid scheme.
The ld. D.R did not raise any objection.
In view of the above, we dismiss the appeal as withdrawn, subject to a rider that in the unlikely event of the matter not being resolved under the Vivad se Vishwas scheme for any reason, the revenue shall have liberty to approach the Tribunal for restoration of its appeal.