MULTIVENTURE AGRO AND INFRASTRUCTURE PVT.LTD,,PUNE vs. INCOME-TAX OFFICER, WARD - 14(4),, PUNE

The appeal filed by the assessee is directed against the order passed by the Commissioner of Income Tax (Appeal) – 7, Pune on 24.01.2018 in relation to the assessment year 2007-08.

Before us assessee filed a letter dt.23.02.2021 seeking permission to withdraw the appeal on the ground that the issue involved in this appeal stands settled under the Vivad Se Vishwas Scheme, 2020 and that the application filed by him under Vivad Se Vishwas Scheme is in process and is waiting for acceptance of the same. The learned Authorised Representative further submitted that the assessee did not get Form 3 from the Respondent and the assessee is ready to withdraw the appeal under the circumstances if a conditional order is passed to that effect.

In view of the above letter, we permit the assessee to withdraw the appeal. However, if the Respondent Department disapproves the application of the assessee filed under Vivad se Vishwas Scheme, the assessee is at liberty to file an application to restore the appeal before this Tribunal as per the provisions of law.

In the result, the appeal of the assessee is dismissed as withdrawn.

The Commissioner of Income Tax (Appeals) – 7, Pune.