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Income Tax Appellate Tribunal, “SMC” Bench, Mumbai
This is an appeal by the assessee is directed against the order of learned Commissioner of Income Tax (Appeals) [in short learned CIT(A)] dated 29.10.2018 pertaining to A.Y. 2013-14.
The grounds of appeal relate to confirmation of penalty u/s. 271(1)(c) of the I.T. Act of Rs. 4,01,967/-.
At the outset, in this case the assessee by a written submission has stated that the assessee has opted for solution of dispute under the Vivaad se Vishwas Scheme. Hence, the assessee seeks permission to withdraw the appeal. Learned Departmental Representative does not have any objection in this regard. Hence, this appeal is permitted to be withdrawn.
In the result, appeal stands dismissed as withdrawn.
Order pronounced under Rule 34(4) of the ITAT Rules by placing the result on notice board on 01.12.2020.