Thermax Limited v. Assistant Commissioner Of Incme-Tax And 2 ORS

(2)-ITXA-238-07.doc.

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION Balaji G.

Panchal INCOME TAX APPEAL NO.238 OF 2007 Balaji G. Panchal Date: 2021.02.27 09:59:35 +0530 Thermax Limited ..Appellant

Versus

Assistant Commissioner of Income Tax & Ors.

..Respondents Mrs. Aasavari Kadam a/w Ms. Aarti Sathe, Advocates for the Appellant. Mr. Sham Walve, Advocate for the Respondents. CORAM : UJJAL BHUYAN & MILIND N. JADHAV, JJ.

DATE : 26th FEBRUARY, 2021 P.C.

Heard Mrs. Aasavari Kadam, learned counsel for the appellant and Mr. Sham Walve, learned standing counsel revenue for the respondents.

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 23.06.2006 passed by the Income Tax Appellate Tribunal, "B" Bench, Pune in ITA No.768/PN/1998 for the assessment year 1993-94. 3.

The appeal was admitted by this Court by order dated 05.08.2008 on the substantial questions of law framed in the appeal memo. 4.

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

BGP.

(2)-ITXA-238-07.doc.

5.

It is stated that Parliament has enacted the Direct Tax Vivad se Vishwas Act, 2020 providing for a scheme for resolution of tax disputes. In terms thereof, appellant has filed declaration under section 3 before the designated authority. Designated authority has issued certificate under section 5(1) on 06.01.2021 determining the amount payable at nil. 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 respondents 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Appeal is accordingly disposed of as withdrawn. 9.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.