INCOME TAX OFFICER-9(1)(4), MUMBAI vs. AVA METALICS PRIVATE LIMITED, MUMBAI

The present appeal has been preferred by the Revenue against the order dated 14.03.2017 of the Commissioner of Income Tax (Appeals) [hereinafter referred to as the CIT(A)] relevant to assessment year 2012-13.

At the outset, the Ld. Counsel of the assessee submitted that the assessee has gone into for Vivad Se Vishvas Scheme under the Direct Tax Vivad Se Viswas Scheme 2020, therefore, the case may kindly be adjourned.

Since the assessee has gone into for Vivad Se Viswas Scheme 2020, the adjournment application by the assessee is 2 M/s. Ava Metallics Pvt. Ltd. rejected. Besides, we are inclined to dismiss the appeal of the Revenue in view of the decision of the Hon’ble Madras High Court Nannusamy Mohan (HUF) vs. ACIT TCA No.372 of 2020 with the liberty to assessee to get this appeal recalled in case assessee does not succeed in VSVS 2020. Accordingly, the appeal of the Revenue is dismissed.