Vinaykumar Family Investments Ltd., v. Assistant Commissioner Of Income Tax-2 (1),

by Minal V.

Parab Date: 2021.01.28 11:41:19 +0530 Minal V.

Parab 2_ITXA_1417_12.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1417 OF 2012 Vinaykumar Family Investments Limited ...

Appellant Vs.

Assistant Commissioner of Income Tax-2(3), Mumbai ...

Respondent Mr. Atul K. Jasani for the Appellant.

Mr. Arvind Pinto h/f. Mr. P. C. Chhotaray for the Respondent. CORAM : UJJAL BHUYAN & MILIND N. JADHAV, JJ.

DATE :

JANUARY 27, 2021 P.C. :

Heard Mr. Atul K. Jasani, learned counsel for the appellant and Mr. Arvind Pinto, learned counsel holding brief for Mr. P. C. Chhotaray, 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 20.06.2012 passed by the Income Tax Appellate Tribunal, 'J' Bench, Mumbai in I.T.A. No.2791/Mum/2010 for the assessment year 2006-07. 3.

The appeal was admitted by this Court on 05.03.2014 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.

It is submitted that Parliament has enacted the Direct Tax Vivad se Vishwas Act, 2020 (briefly 'the Act' hereinafter) providing for a scheme for resolution of tax disputes. In terms of the said scheme, appellant has filed a declaration under section 3 thereof before the Designated 1/2

2_ITXA_1417_12.doc Authority which has thereafter issued a certificate under section 5(1) of the said Act determining the refund payable. However, for passing of the final 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.

8.

Appeal is accordingly disposed of on withdrawal. 9.

Refund as per Rules.

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