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Income Tax Appellate Tribunal, “A” BENCH, MUMBAI
Before: SHRI RAJESH KUMAR, AM & SHRI AMARJIT SINGH, JM
आदेश / O R D E R
PER AMARJIT SINGH, JM:
This is an appeal filed by the assessee against the order dated 05.02.2019 passed by the Commissioner of Income Tax (Appeals), 38 Mumbai [hereinafter referred to as the “CIT(A)”]. Relevant to the A.Y. 2014-15.
The assessee has raised the following grounds .:- “I. The Ld. CIT(A) erred in confirming penalty levied under section 271(1)(c) of the Act.
2. Appellant craves leave to add, to amend or to delete all or any of the grounds in this appeal.”
3. When this appeal was called out for hearing, the ld. Counsel of the assessee submitted that he has filed the necessary declaration under Direct A.Y.2014-15 Tax Vivad se Vishwas Act, 2020 (Act 3 of 2020) and is awaiting for final resolution of the matter under the said scheme. He submitted 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response to the suggestion from the Bench, he fairly accepted that he has no objection to the appeal being dismissed as withdrawn as long as his right for revival of the appeal are protected, in the event of, for some unfortunate reason, the matter being not settled under the Vivad se Vishwas scheme.
The Ld. DR also did not object to course so suggested.
In view of the above, we dismiss the appeal as withdrawn, subject to be rider that in the unlikely event of matter not being resolved under the Vivad se Vishwas scheme, the assessee shall have liberty to approach the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.
In the result, the appeal is dismissed as withdrawn – subject to the observation above. Order pronounced in the open court on 23/12/2020 Sd/- Sd/- (RAJESH KUMAR) (AMARJIT SINGH) लेखध सदस्य / ACCOUNTANT MEMBER न्यधनिक सदस्य/JUDICIAL MEMBER मुंबई Mumbai; दिनांक Dated : 23/12/2020 Vijay Pal Singh (Sr.PS)