Storewell Credits And Capital Pvt.Ltd. v. Commissioner Of Income Tax-5, Mumbai

(8)-ITXA-1348-16.doc.

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION Balaji G.

Panchal INCOME TAX APPEAL NO.1348 OF 2016 Balaji G. Panchal Date: 2021.02.05 10:32:34 +0530 M/s. Storewell Credits and Capital Pvt. Ltd.

..Appellant

Versus

Commissioner of Income Tax-5, Mumbai ..Respondent Ms. Aarti Sathe, Advocate for the Appellant.

Mr. Sham Walve, Advocate for the Respondent.

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

DATE : 4th FEBRUARY, 2021 P.C.

1.

Heard Ms. Aarti Sathe, learned counsel for the appellant and Mr. Sham Walve, learned counsel for the respondent. 2.

This appeal has been preferred by the assessee as the appellant under section 260A of the Income Tax Act, 1961 against the order dated 28.10.2015 passed by the Income Tax Appellate Tribunal, "E" Bench, Mumbai in ITA No.5396/Mum/2011 for the assessment year 2005-06. 3.

The appeal was admitted by this Court by order dated 21.01.2019 on the substantial question of law framed in the said order. 4.

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

5.

It is stated that Parliament has enacted the Direct Tax Vivad se BGP.

(8)-ITXA-1348-16.doc.

Vishwas Act, 2020 providing for a scheme for resolution of tax disputes. In terms thereof, appellant has filed declaration under section 3 on 11.11.2020 before the designated authority. Designated authority issued certificate under section 5(1) on 29.01.2021 determining the amount payable. For passing of the final order under section 5(2), appellant is required to withdraw the appeal under section 4(3) and to furnish proof of withdrawal along with intimation of payment, if any, to the designated authority. Hence, prayer for withdrawal of the appeal.

6.

Learned counsel for the respondent has no objection to the prayer made.

7.

Having regard to the above, we allow withdrawal of the appeal. 8.

Appeal is accordingly disposed of as withdrawn. 9.

Refund as per rules.

MILIND N. JADHAV, J UJJAL BHUYAN, J BGP.