In Itta/313/2018 Of Bharat Heavy Plate And Vessels Ltd v. The Comissioner Of Income Tax, the High Court (2021) dismissed the appeal. The decision went in favour of the Revenue.
Decision: Permission is accorded and the Income Tax Tribunal Appeal is dismissed as withdrawn, with the liberty as prayed for.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
HONOURABLE SRI JUSTICE A.V. SESHASAI
AND
HONOURABLE MS JUSTICE J. UMA DEVI
I.T.T.A.No.313 of 2018
ORDER:(per. Hon’ble Sri Justice A.V. Sesha Sai)
When the matter is taken up, learned counsel for the appellant seeks permission of this court to withdraw the present appeal with liberty to the appellant to avail the remedy under ‘Vivadse Viswas’ scheme initiated by the Union of India and with a further liberty to the appellant to seek appropriate remedy in the event of passing any order prejudicial to the appellant herein under the said scheme.
Permission is accorded and the Income Tax Tribunal Appeal is dismissed as withdrawn, with the liberty as prayed for.
As a sequel thereto, miscellaneous petitions, if any, pending shall stand closed.
___________________
A.V. SESHA SAI, J
Date: 24-03-2021
Ksn
_________________
J. UMA DEVI, J
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