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Income Tax Appellate Tribunal, MUMBAI BENCH “B”, MUMBAI
Before: SHRI SHAMIM YAHYA & SHRI RAM LAL NEGI
This appeal by the assessee is directed against order of learned Commissioner of Income Tax (Appeals) - 30, Mumbai (in short ‘the CIT(A)’) dated 15.03.2019 pertaining to Assessment Year 2013-14.
The grounds of appeal relates to penalty under Section 271(1)(c) of the Income Tax Act, 1961 for an amount of Rs.2,70,375/-.
At the outset, in this case, the learned counsel of the assessee submitted that assessee has opted for settlement of dispute under the Vivad Se Vishwas Scheme (VSVS). The necessary applications have been filed and the order
Bipin T. Shah received. Hence, the learned counsel submits that he shall be withdrawing the appeal. The learned Departmental Representative did not have any objection to this proposition.
Upon careful consideration, we have granted permission to withdraw the appeal. Accordingly, this appeal is dismissed as withdrawn.
Order pronounced under Rule 34(4) of ITAT Rules on 4th January, 2021.