DCIT CIR 3, THANE V. THE THANE DISTRICT CENTRAL CO. OP. BANK LTD, THANE

ITA 2511/MUM/2019

• Counselvise Citation: [2022] 107 COUNSELVISE.COM (IT) 1631 (ITAT-MUMBAI)
• Duration Of Justice: 3 year(s) 2 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 30-06-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: E
• Assessment Year: 2007-2008
• Appeal Filed On: 22-04-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL

Judgement Text

म ु ंबई ठ “ ई ” म ु म , एवं व व!" , # $ ! % म IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “ E”, MUMBAI BEFORE SHRI PRAMOD KUMAR, VICE-PRESIDENT & SHRI VIKAS AWASTHY, JUDICIAL MEMBER ं. 2511/म ु ं/20 19 ($+. व .2007-08) ITA NO.2511/MUM/2019(A.Y. 2007-08) Dy. Commissioner of Income Tax, Circle -3, Thane, Room No.02, 6 th Floor, Aashar IT Park, B-Wing, Wagle Industrial Estate, Road No.16Z, Thane (W)- 400 604. ...... "- /Appellant ब+ म Vs. The Thane Distric Central Co Operative Bank Ltd. 01, Chhatrapati Shivaji Path, Post Box No.19, Thane (W)- 400 601. PAN: AAAAT-0739-N ..... $.व /Respondent "- /व / Appellant by : Shri Manoj Sinha $.व /व /Respondent by : Shri Ashok Patil ु +व ई 0 $. "/ Date of hearing : 01/07/2022 1 2 0 $. "/ Date of pronouncement : 01/07/2022 %श/ ORDER PER VIKAS AWASTHY, JM: This appeal by the Revenue is directed against the order of Commissioner of Income Tax(Appeals)-2 , Thane [in short 'the CIT(A)’] dated 14/02/2019 for the assessment year 2007-08. 2. The ld.Authorized Representative of the assessee stated that the assessee has opted to settle the dispute under ‘Viwad Se Vishwas Scheme, 2020’( in short ‘VSVS’). The declaration filed by the assessee for the impugned 2 ITA NO.2511/MUM/2019(A.Y. 2007-08) assessment year has been accepted and the assessee has paid tax under VSVS to settle the dispute. The assessee furnished a copy of Form-3. 3. Shri Manoj Sinha representing the Department stated that the Department has no objection if the assessee wants to avail the benefit of ‘VSVS’. 4. Since, the declaration filed by assessee under VSVS has been accepted by the Designated Authority, the appeal filed by the Revenue has become infructuous and thus, is liable to be dismissed, as such. 5. In the result, appeal by the Revenue is dismissed as infructuous. Order pronounced in the open court on Friday the 1 st day of July, 2022. Sd/- Sd/- (PRAMOD KUMAR) (VIKAS AWASTHY) /VICE PRESIDENT # $ ! /JUDICIAL MEMBER म ु ंबई/ Mumbai, 7 + ं /Dated 01/07/2022 Vm, Sr. PS(O/S) त ल प अ े षतCopy of the Order forwarded to : 1. "-/The Appellant , 2. $.व / The Respondent. 3. ु 8.( )/ The CIT(A)- 4. ु 8. CIT 5. व9 : $.$+ , . . ., म ु बंई/DR, ITAT, Mumbai 6. : ;< = > /Guard file. BY ORDER, //True Copy// (Dy./Asstt. Registrar) ITAT, Mumbai