Pr Commissioner of Income Tax 3 Mumbai v. Syntel Private Limited - Ay 2016-17 Ita 1972/MUM/2023
Case brief
What is this about?
Withdrawal of income tax appeals on account of settlement under Direct Tax Vivad se Vishwas Scheme, 2024; Form-2 produced; leave to withdraw granted with liberty to revive; questions of law left open; court fee refund permitted. Parties: Pr. Commissioner of Income Tax-11 / Pr. Commissioner of Income Tax (Revenue) v. Syntel Limited / Syntel Private Limited. Counsel: P C Chhotaray for Revenue; Aanchal Vyas i/b Dharan Gandhi for Assessees. No substantive ruling, no precedent engaged.
What did the court decide?
Appeals disposed of as withdrawn, with liberty to the Appellant-Revenue to seek revival by appropriate Applications within a reasonable period if the Assessees' settlement Applications fail; refund of Court fees to the Appellants in accordance with rules. ¶¶23