Shri. Mahalaxmi Co-Op. Bank Ltd. v. Income Tax Officer, Ward-1 (1), Kolhapur

29. itxa.no.1089.14.doc S.S.Kilaje

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

O.O.C.J.

INCOME TAX APPEAL NO.1089 OF 2014 Mahalaxmi Co-op. Bank Ltd., "Shree Bhavan", 167-B Mangalwar Peth.

..

Appellant.

Versus

Income-tax Ofcer, Ward-1(1), Kolhapur ..

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

 Mr. Atul Jasani, Advocate for the Appellant.

 Mr. Sham Walve h/f. N.N. Singh, Advocate for the Respondent.

...................

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

DATE : FEBRUARY 16, 2021.

P.C.:

Heard Mr. Jasani, learned counsel for the appellant and Mr. Walve, learned counsel 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 29.10.2013 passed by the Income Tax Appellate Tribunal, 'B' Bench, Pune in I.T.A. No.1658/PN/2011 for the assessment year 2008-09. 3.

The appeal was admitted by this Court on 17.11.2016 on the substantial question of law framed in the said order. 4.

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

29. itxa.no.1089.14.doc 5.

It is submitted that Parliament has enacted the Direct Tax Vivad se Vishwas Act, 2020 (briefy 'the Act' hereinafter) providing for a scheme for resolution of tax disputes. Appellant has fled a declaration under section 3 of the said Act on 24.12.2020 before the Designated Authority which had thereafter issued a certifcate under section 5(1) of the said Act 28.01.2021 determining the amount refundable to the appellant. However, for passing of the fnal 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 Accordingly, the appeal is disposed of as withdrawn.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. ] Ravindra M.

Amberkar by Ravindra M.

Amberkar Date: 2021.02.17 09:27:49 +0530