SOLENIS CHEMICALS INDIA PRIVATE LIMITED,ANKLESHWAR V. ASSESSMENT UNIT (JAO ASSISTANT COMMISSIONER OF INCOME TAX - 1(3)(1), MUMBAI), MUMBAI

ITA 4718/MUM/2024

AI Insights

The case involves Solenis Chemicals India Private Limited, which appealed against an order passed by the Assistant Commissioner of Income Tax under various sections of the Income Tax Act. The appeal was related to the assessment year 2020-21. However, before the tribunal could proceed with the case, the assessee opted to withdraw the appeal in favor of settling the dispute under the Direct Tax Vivad Se Vishwas Scheme, 2024. This decision was formalized through the submission of relevant forms and a withdrawal application, which the Department did not contest.

• Counselvise Citation: [2026] 140 COUNSELVISE.COM (IT) 826404 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 3 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-01-2026
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: H
• Assessment Year: 2020-2021
• Appeal Filed On: 13-09-2024
• Laws Referred To: Income Tax Act
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: AJAY CHANDRA; DR
• Assessee Lawyers: NINAD PATADE; AR
• Section: 143(3)

Judgement Text

"IN THE INCOME TAX APPELLATE TRIBUNAL “H” BENCH, MUMBAI BEFORE SMT. BEENA PILLAI (JUDICIAL MEMBER) & SHRI GIRISH AGRAWAL (ACCOUNTANT MEMBER) I.T.A. No. 4718/Mum/2024 Assessment Year: 2014-15 Solenis Chemicals India Private Limited Plot No. 8001, GIDC Phase VI Ankleshwar Gujarat - 393002 [PAN: AAUCS5924L] Vs. Assessment Unit, Income Tax Department (Jurisdictional Assessing Officer: Assistant Commissioner of Income Tax – 1(3)(1), Mumbai (Appellant) (Respondent) Assessee by Mr. Ninad Patade, A/R Revenue by Shri Ajay Chandra, CIT D/R Date of Hearing 06.01.2026 Date of Pronouncement 07.01.2026 ORDER Per Smt. Beena Pillai, JM: Present appeal filed by assessee arises out of order passed u/s 143(3) r.w.s. 144C(13) r.w.s. 144B of the Act, passed by the Ld.AO, dated 18/07/2024 for AY 2020-21. 2. At the outset, it is noted that assessee has filed an application dated 26/12/2025 seeking withdrawal of the appeal, stating that it has opted to settle the dispute under the Direct Tax Vivad Se Vishwas Scheme, 2024. 3. The Ld.AR submitted that, the assessee has: • filed Form No. 1 under section 91 of the DTVSV Scheme, 2024; Printed from counselvise.com 2 I.T.A. No. 4718/Mum/2024 • received Form No. 2 dated 18/12/2025, issued by the designated authority, determining a refund of ₹25,96,140; and • is required, in terms of section 91(3) of the Scheme, to withdraw the pending appeal and furnish Form No. 3. 4. A copy of the letter seeking withdrawal of the appeal has been placed on record, which is reproduced for ready reference:- Printed from counselvise.com 3 I.T.A. No. 4718/Mum/2024 4.1. The Department has no objection to the withdrawal of the appeal. We have heard the submissions advance by both the parties in light of the records placed before us. 5. Since the issues contested in the appeal of the assessee have been settled under the Direct Taxes Vivad Se Vishwas Act, 2024, we dismiss the appeal of the assessee as withdrawn. However, we give liberty to the assessee to seek recall of this order in accordance with law, if the circumstances so warrant. Printed from counselvise.com 4 I.T.A. No. 4718/Mum/2024 6. Accordingly, the appeal filed by the assessee is dismissed as withdrawn. Order pronounced in the open court on 07/01/2026 Sd/- Sd/- (GIRISH AGRAWAL) (BEENA PILLAI) Accountant Member Judicial Member Mumbai Dated: 07/01/2026 SC Sr. P.S. Copy of the order forwarded to: (1)The Appellant (2) The Respondent (3) The CIT (4) The CIT (Appeals) (5) The DR, I.T.A.T. True Copy By order (Asstt. Registrar) ITAT, Mumbai Printed from counselvise.com "