Shri. Mahalaxmi Co-Op Bank Ltd. v. Assistant Commissioner Of Income Tax

30a. itxa.no.1769.14.doc S.S.Kilaje

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

O.O.C.J.

INCOME TAX APPEAL NO.1769 OF 2014 Mahalaxmi Co-op. Bank Ltd., "Shree Bhavan", 167-B Mangalwar Peth.

..

Appellant.

Versus

Assistant Commissioner of Income-tax, Circle-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 16.04.2014 passed by the Income Tax Appellate Tribunal, 'B' Bench, Pune in I.T.A. No.162/PN/2013 for the assessment year 2009-10. 3.

The appeal was admitted by this Court on 16.03.2017 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.

30a. itxa.no.1769.14.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 27.01.2021 before the Designated Authority which had thereafter issued a certifcate under section 5(1) of the said Act 08.02.2021 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 Accordingly, the appeal is disposed of as withdrawn.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 09:28:42 +0530