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Income Tax Appellate Tribunal, “H” BENCH, MUMBAI
Before: SHRI PAVAN KUMAR GADALE & SHRI MANOJ KUMAR AGGARWAL
सुनवाई क� तार�ख / Date of Hearing 31/12/2020 घोषणा क� तार�ख /Date of Pronouncement 31/12/2020 आदेश / O R D E R
PER PAVAN KUMAR GADALE - JM:
The assessee has filed an appeal against the order of Commissioner of Income Tax (Appeals) -40, Mumbai, passed u/s. 143(3) and 250 of the Income Tax Act, 1961.
At the time of hearing, We find the assessee has submitted a letter dated 28-12-2020 mentioning that the assessee intended to settle the tax litigation
Kedar Ramesh Vaze, Mumbai. - 2 - by opting for ‘Vivad se Vishwas Scheme 2020’(VSVS2020) and enclosed Form-3 and also permission for withdrawal of the Assessee s Appeal. Contra, the Ld. DR has no serious objections.
We heard the Ld. DR and perused the material on record. Since the assessee has opted for ‘Vivaad se Vishwas Scheme 2020’ and obtained Form-3 under VSVS Rules2020. We are of the view that, no purpose will be served in keeping the appeal pending. Accordingly, we dismiss the appeal of the assessee as withdrawn and the assessee is given liberty to move an application u/s 254(2) of the Act to recall the present order in accordance with the provisions of law.
In the result, the appeal filed by the assessee is dismissed.
Order pronounced in the open court on 31.12.2020