M/S ROOCHITRA TEXTILES PVT LTD,MUMBAI vs. DCIT -11(1)-1, MUMBAI

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ITA 744/MUM/2019Status: DisposedITAT Mumbai22 December 2020AY 2011-123 pages

In favour of the Revenue: the assessee's appeal was dismissed. From the AI summary of this appeal.

AI SummaryDismissed

What did the Tribunal hold?

The Tribunal dismissed the appeal as withdrawn, acknowledging the assessee's participation in the Vivad se Vishwas scheme. A liberty was granted to the assessee to seek restoration if the settlement under the scheme faced unforeseen issues.

What were the facts?

The assessee filed an appeal against the CIT(A)'s order for AY 2011-12. The assessee had filed a declaration under the Direct Tax Vivad se Vishwas Act, 2020, and was awaiting resolution under the scheme.

What were the issues?

The primary issue was the pendency of the appeal due to the assessee opting for the Vivad se Vishwas settlement scheme.

Which sections of the Income-tax Act were involved?

Section 143(3)

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, MUMBAI “D” BENCH, MUMBAI

O R D E R Per Bench:

1. 1. By way of this appeal, the assessee appellant has called into question correctness of the order dated 27.12.2018 passed by the learned CIT(A)-18, Mumbai in the matter of assessment u/s.143(3) of the Income Tax Act, 1961, for the assessment year 2011-12.

2. When this appeal was called out for hearing, it is noticed that the assessee has filed the necessary declaration under Direct Tax Vivad se Vishwas Act, 2020 (Act 3 of 2020) and is awaiting for final resolution of the matter under the said scheme.

3. The ld. DR also did accept our suggestion that this appeal can be dismissed, with the liberty to the assessee to approach the Tribunal, if for some unforeseen reason, there are issues with respect to settlement of the matter under Vivad se Vishwas scheme, 2020.

Assessment Year: 2011-12 Page 2 of 3 4. In view of the above, we dismiss the appeal as withdrawn, subject to be rider that in the unlikely event of matter not being resolved under the Vivad se Vishwas scheme, the assessee shall have liberty to approach the Tribunal for restoration of his appeal. 5. In the result, the appeal is dismissed as withdrawn – subject to the observation above. Pronounced in the open court today on the 22nd December, 2020.

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