M/S.Mipco Seamless Rings (Guj.) Ltd., v. Commissioner Of Income Tax - 6,

Minal V.

Parab Digitally signed by Minal V. Parab Date:

2021.01.12 12:40:48 +0530 6_ITXA_1012_12.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1012 OF 2012 M/s. Mipco Seamless Rings (Guj.) Limited ...

Appellant Vs.

Commissioner of Income Tax-6 ...

Respondent Ms. Rutuja Pawar a/w. Ms. Hetal Laghave for Appellant. Mr. Arvind Pinto for Respondent.

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

DATE :

JANUARY 11, 2021 P.C. :

Heard Ms. Rutuja Pawar, learned counsel for the appellant and Mr. Arvind Pinto, learned standing counsel Revenue for the respondent. 2.

This appeal under section 260-A of the Income Tax Act, 1961 has been preferred by the assessee against the order dated 01.02.2017 passed by the Income Tax Appellate Tribunal, 'B' Bench, Mumbai in I.T.A. No.2680/Mumbai/2010 for the assessment year 2006-2007. 3.

The appeal was admitted by this Court on 10.03.2014 on the substantial questions of law framed in the said order. 4.

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

5.

Ms. Pawar submits that Parliament has enacted the Direct Tax Vivad se Vishwas Act, 2020 (briefly 'the Act' hereinafter) providing for a scheme for settlement of tax disputes. In terms of the said scheme, appellant had filed declaration under section 3 thereof before the Designated authority. Designated Authority had issued a certificate under section 5(1) of the said Act. However, before passing of the final 1/2

6_ITXA_1012_12.doc order under section 5(2) of the said Act, appellant is required to withdraw the appeal under 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.

8.

Appeal is accordingly disposed of on withdrawal. 9.

Refund as per Rules.

10.

Court. All concerned will act on production by fax or email of a digitally signed copy of this order.

(MILIND N. JADHAV, J.) (UJJAL BHUYAN, J.) Minal Parab 2/2