Simplex Castings Limited v. Principal Commissioner Of Income Tax - 11Mumbai

Ajay IN THE HIGH COURT OF JUDICATURE AT BOMBAYO.O.C.J. REVIEW PETITION NO. 8 OF 2019ININCOME TAX APPEAL NO. 247 OF 2017 Simplex Castings Limited .. Petitioner Versus Principal Commissioner of Income Tax - 11Mumbai. .. Respondent ................... Ms. Rutuja N. Pawar for the Petitioner. Mr. Sham Walve h/f. Mr. Akhileshwar Sharma for the Respondent. ................... CORAM : UJJAL BHUYAN & MILIND N. JADHAV, JJ. DATE : FEBRUARY 25, 2021. P.C.: Heard Ms. Pawar, learned counsel for the review petitioner andMr. Walve, learned standing counsel revenue holding for Mr. Sharma,learned counsel for the respondent. 2. This review petition has been preferred against the order dated02.04.2019 passed by this Court dismissing Income Tax AppealNo.247 of 2017 filed by the assessee. 3. Be it stated that the appeal was filed by the assessee undersection 260A of the Income Tax Act, 1961 against the order dated04.11.2016 passed by the Income Tax Appellate Tribunal, 'A' Bench,Mumbai in I.T.A. No.1562/Mum/2015 for the assessment year 2010-11. 4. The review petition is before us on a praecipe filed by learnedcounsel for the review petitioner. 5. It is submitted that the assessee has opted for settlement underthe Direct Tax Vivad se Vishwas Act, 2020 whereafter Form No.3 hasbeen issued to the review petitioner. In that view of the matter,review petitioner seeks to withdraw the review petition. 6. Learned counsel for the respondent has no objection to theprayer made. 7. In that view of the matter, review petition is disposed of aswithdrawn. 8. Refund as per Rules. [ MILIND N. JADHAV, J. ] [ UJJAL BHUYAN, J. ] Digitally signedRavindraby Ravindra M.AmberkarM.Date:Amberkar2021.02.2617:39:45+0530