Assistant Commissioner of Income tax,, Pune ZF India Private Limited,, Pune

ZF India Private Limited has requested the withdrawal of its tax appeals for the assessment year 2011-12. The company filed a declaration under the Direct Tax Vivad se Vishwas Act, 2020, to settle the pending tax dispute. Having received a confirmation certificate under the Act, ZF India Private Limited now seeks permission to withdraw its appeals, with the liberty to revive them if the settlement is rejected.

IN THE INCOME TAX APPELLATE TRIBUNAL
PUNE BENCH, ‘C’ PUNE – VIRTUAL COURT

BEFORE SHRI R.S. SYAL, VICE PRESIDENT AND
SHRI S.S.VISWANETHRA RAVI, JUDICIAL MEMBER

ITA No.2612/PUN/2016
Assessment Years : 2011-12

ZF India Private Limited,
B-38, MIDC, Chakan Industrial Area,
Phase-II, Vasuli,
Tal. Khed, Pune – 410501
PAN : AAACZ3052C
Appellant 

Vs. 

DCIT, Circle-12,
Pune
Respondent

ITA No.2723/PUN/2016
Assessment Years : 2011-12

ACIT, Circle-12,
Pune PAN : AAACZ3052C
Appellant

Vs. 

ZF India Private Limited,
B-38, MIDC, Chakan Industrial
Area,Phase-II, Vasuli,
Tal. Khed, Pune – 410501
Respondent

 ORDER

These two cross appeals - one by the assessee and the other by the Revenue arise out of the order dated 24-08-2016 passed by the CIT(A)-13, Pune in relation to the assessment year 2011-12. 

2. Before us, the assessee has filed a letter dated 23-03-2021 seeking withdrawal of the appeals. The relevant ontents of such letter reads as under:

“We refer to the appeal filed by the Company ITA 2612/PUN/2016 in Form 36 on 17 November, 2016 and appeal filed by the Department ITA 2723/PUN/2016 in Form 36 on 02 December, 2016. Copy of the acknowledgement is enclosed as Annexure 1 for your Honours eference.

In this regard, it is humbly submitted that with a view to settle the pending tax dispute for AY 2011-12 the Appellant had filed for the Direct Tax Vivad Se Vishwas Act, 2020 (‘the VsV Act’) on 25 December, 2020, a declaration in Form 1 to opt for the Scheme and further an undertaking in Form-2 waiving all its rights to any claims as per the provisions of section 4(1) and section 4(5) of the VsV Act. Copy of Form 1 and Form 2 have been enclosed herewith for your Honours reference as Annexure 2.

Subsequently, the Designated Authority under the VsV Act issued a certificate (number 253077860310121) dated 31st January, 2021 under Form 3 as per the provisions of section 5(1) the VsV Act confirming the acceptance of the Forms 1 & 2 filed by the Appellant. Copy of the Form 3 issued has been enclosed as Annexure 3 for your Honours reference.

In light of the above, the Appellant wishes to withdraw the captioned appeals (ITA 2612/PUN/2016 and ITA 2723/PUN/2016) filed before your Honours for AY 2011-12 and requests your Honours permission for the same with a liberty to revive it again in accordance with the provisions of section 4(6) of the VsV Act, in case the declaration made under the above mentioned provisions of the VsV Act is rejected or withdrawn or cancelled.

We hope your Honour would accede to our request and oblige.” 

To know more in details find the attachment file