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Income Tax Appellate Tribunal, MUMBAI BENCH “K” MUMBAI
Before: SHRI AMARJIT SINGH & SHRI N.K. PRADHAN
ORDER PER N.K. PRADHAN, A.M.
This is an appeal filed by the assessee. The relevant assessment year is 2010-11. The appeal is directed against the order of the Commissioner of Income Tax (Appeals)-55, Mumbai [in short ‘CIT(A)’] and arises out of the assessment completed u/s 143(3) r.w.s. 144C(13) the Income Tax Act 1961, (the ‘Act’).
2 CGG Services India Private Ltd.
The Ld. counsel for the appellant/assessee submits that they are in the process of filing an application for opting for the Vivad-se- Vishwas Scheme.
It is further submitted by him that upon completion of the necessary formalities, he will withdraw the appeal. In response to the suggestion from the Bench, he fairly accepted that he has no objection to the appeal being dismissed as withdrawn as long as his right for revival of the appeal is protected, in the event of, some unfortunate reason, the matter being not settled under the above Scheme.
The Ld. DR does not express any objection to the above.
We have heard the rival submissions and perused the relevant materials on record. The Government of India enacted the Direct Tax Vivad Se Vishwas Act, 2020 (Act No. 3 of 2020) to provide for resolution of disputed tax and for matter connected therewith or incidental thereto. The Act of the Parliament received the assent of the President on 17.03.2020 and published in the Gazette of India on 17.03.2020. In terms of the said Act, the assessee has been given an option to put an end to the tax disputes, which may be pending at different levels either before the First Appellate Authority or before the Tribunal or Before the High Court or Before the Supreme Court of India.
In view of the above, we dismiss the appeal as withdrawn, subject to the rider that in the unlikely event of matter not being resolved under the above Scheme, the assessee shall have liberty to approach the Tribunal for restoration of his appeal.
3 CGG Services India Private Ltd.
In the result, the appeal is dismissed as withdrawn, subject to the observation above.
Order pronounced in the open Court on 04/12/2020.