J M EXPORTS ,MUMBAI vs. ITO 31(2)(1), MUMBAI

Heard the learned counsels appearing for the parties and perused the material on record. Considering the fact that the assessee has already applied for settling the dispute in the present appeals under the Direct Tax Vivad Se Vishwas Act, 2020, I am inclined to dismiss the appeals as withdrawn. However, liberty is granted to the assessee to seek restoration of these appeals in the event the applications filed under the Vivad Se Vishwas Act, 2020 are not accepted by the Department. In other words, in the event of non acceptance of assessee’s declarations by the Revenue, the assessee can file miscellaneous applications seeking recall of this order and restoration of the appeals. This is in view of the decision of the Hon’ble Madras

In the result, appeals are dismissed. Order pronounced in the open court on 16.12.2020