Oricon Enterprises Ltd. v. The Dy. Commissioner Of Income Tax Central Circle 3 (3), Mumbai

8. os itxa-236-21.doc R.M. AMBERKAR (Private Secretary)

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

O.O.C.J.

INCOME TAX APPEAL NO.236 OF 2021 Oricon Enterprises Limited, Parijat House ..

Appellant

Versus

Deputy Commissioner of Income Tax, Central Circle - 3(3), Mumbai ..

Respondent ...................

 Mr. Atul Jasani, Advocate for the Appellant.

 Mr. Suresh Kumar, Advocate for the Respondent. ...................

CORAM : UJJAL BHUYAN & MILIND N. JADHAV, JJ.

DATE : FEBRUARY 18, 2021.

P.C.:

Heard Mr. Jasani, learned counsel for the appellant and Mr. Suresh Kumar, learned standing counsel revenue for the respondent.

2.

This appeal under section 260A of the Income Tax Act, 1961 has been preferred by the assessee as the appellant against the order dated 29.10.2019 passed by the Income Tax Appellate Tribunal, 'C' Bench, Mumbai in I.T.A. No. 3641/Mum/2018 for the assessment year 2014-15. 3.

The appeal is pending for admission.

4.

Today the appeal is before us on a praecipe filed by learned counsel for the appellant.

8. os itxa-236-21.doc 5.

It is submitted that Parliament has enacted the Direct Tax Vivad se Vishwas Act, 2020 (briefly 'the Act' hereinafter) providing for a scheme for resolution of tax disputes. Appellant has filed a declaration under section 3 of the said Act on 30.12.2020 before the Designated Authority which had thereafter issued a certificate under section 5(1) of the said Act on 29.01.2021 determining the amount refundable to the appellant. However, for passing of the final order under section 5(2) of the said Act, appellant is required to withdraw the appeal in terms of section 4(3) thereof. Hence, the prayer for withdrawal of the appeal.

6.

Learned counsel for the respondent has no objection to the prayer made for withdrawal of the appeal. 7.

Considering the above, we allow the appellant to withdraw the appeal. Accordingly, the appeal is disposed of as withdrawn.

8.

Refund as per Rules.

[ MILIND N. JADHAV, J. ] [ UJJAL BHUYAN, J. ] by Ravindra M.

Amberkar Date:

2021.02.19 14:43:41 +0530 Ravindra M.

Amberkar