Castrol India Ltd v. Deputy Commissioner Of Income Tax,Range 8(1), Mumbai & Anr

Balaji G.Panchal Digitally signed byBalaji G. PanchalDate: 2021.02.0510:32:34 +0530 IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.905 OF 2014 Castrol India Ltd. Versus Deputy Commissioner of Income Tax,Range 8(1), Mumbai & Anr. ..Appellant ..Respondents Mr. Aurup Dasgupta a/w Ms. Jinal Vani i/by M/s. Jhangiani, Narula &Associates, for the Appellant.Mr. Sham Walve, Advocate for the Respondents. CORAM : UJJAL BHUYAN & MILIND N. JADHAV, JJ. DATE : 4[th] FEBRUARY, 2021 P.C. 1. Heard Mr. Aurup Dasgupta, learned counsel for the appellantand Mr. Sham Walve, learned counsel for the respondents. 2. This appeal has been preferred by the assessee as the appellantunder section 260A of the Income Tax Act, 1961 against the order dated20.12.2013 passed by the Income Tax Appellate Tribunal, “K” Bench,Mumbai in ITA No.1292/Mum/2007 for the assessment year 2003-04. 3. The appeal was admitted by this Court by order dated20.04.2017 on the substantial question of law framed in the said order. 4. Today the appeal is before us on a praecipe filed by learnedcounsel for the appellant. 1 of 2 (7)-ITXA-905-14.doc. 5. It is stated that Parliament has enacted the Direct Tax Vivad seVishwas Act, 2020 providing for a scheme for resolution of tax disputes. Interms thereof, appellant has filed application/declaration before thedesignated authority seeking settlement. Hence, prayer for withdrawal ofthe appeal. 6. Learned counsel for the respondent has no objection to theprayer 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 Appeal is accordingly disposed of as withdrawn. 9.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 2 of 2