POLYPEPTIDE LABORATORIES PVT. LTD.,MUMBAI vs. ACIT, 15(2)(2), MUMBAI

The present appeal has been preferred by the assessee against the order dated 05.12.2017 of the Commissioner of Income Tax (Appeals) [hereinafter referred to as the CIT(A)] relevant to assessment year 2014-15.

At the outset, the Ld. Counsel of the assessee submitted before the Bench that the assessee is willing to avail Vivad Se Viswash Scheme (VSVS), 2020 to end the litigation and in order to buy peace of mind. Therefore, we are inclined to dismiss the appeal of the assessee with the liberty to get the same recalled, if the assessee does not succeed in VSVS, 2020 by moving miscellaneous application.

The appeal of the assessee is dismissed.