Ita/322/2019 Of The Principal Commissioner Of Income Tax v. Smt. Asha Menon (Asha Sunil)

PRESENT THE HONOURABLE MR.JUSTICE S.V.BHATTI & THE HONOURABLE MR.JUSTICE BASANT BALAJI WEDNESDAY, THE 9 DAY OF MARCH 2022 / 18TH PHALGUNA, 1943 ITA NO.322 OF 2019 AGAINST THE ORDER IN ITA 596/Coch/2018 OF I.T.A.TRIBUNAL,COCHIN BENCH Dated 30.04.2019 APPELLANT/Appellant/Revenue: THE PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL) KOCHI. BY ADVS. SRI.P.K.R.MENON,SENIOR COUNSEL, GOI(TAXES) SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT/RESPONDENT/Assessee: SMT. ASHA MENON (ASHA SUNIL) NO.13-B, LINK HORIZON, MARINE DRIVE, ERNAKULAM-682016. BY ADVS. SRI.M.GOPIKRISHNAN NAMBIAR SRI.K.JOHN MATHAI SRI.JOSON MANAVALAN SRI.KURYAN THOMAS SRI.PAULOSE C. ABRAHAM OTHER PRESENT: ADV PARVATHI FOR THE RESPONDENT THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 09.03.2022, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: JUDGMENT Dated this the 9[th] day of March 2022 S.V.BHATTI, J. Appeal is at the instance of Revenue. The order dated 30.04.2019 in I.T.A. No.596/Coch/2018 of the Income Tax Appellate Tribunal, Cochin Bench, Cochin, is assailed. 2. Adv. Smt.Parvathi holding for Adv.Mr.M.Gopikrishnan Nambiar, on instructions received from the assessee, informs the Court that the assessee has availed the option to settle the dispute under 'Vivad Se Vishwas' scheme. 3. The Income Tax Appeal is dismissed as ineffective, for, the assessee, during the pendency of the appeal, has opted for the benefit provided under the 'Vivad Se Vishwas' scheme. The assessee/Revenue, as the case may be, is given liberty to file petition to recall the instant order in the event of not taking the request of the assessee to its logical end under the Scheme. SD/- S.V.BHATTI JUDGE SD/-BASANT BALAJI JUDGE PETITIONER ANNEXURES