FAIRFIELD ATLAS LTD,MUMBAI vs. DCIT OSD 1, MUMBAI

The present appeal has been preferred by the assessee against the order dated 02.12.2013 of the Dispute Resolution Panel [hereinafter referred to as the DRP] relevant to assessment year 2009-10.

At the outset, the Ld. Counsel of the assessee submitted that the assessee has gone into for Vivad Se Vishvas Scheme under 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 rejected. Besides, we are inclined to dismiss the appeal of the 2 M/s. Fairfield Atlas Ltd. assessee 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 assessee is dismissed.