AQUATECH SYSTEMS (ASIA) PVT.LTD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX,, PUNE

The Ld. AR for the assessee submitted that the assessee wants to withdraw the appeal as the assessee has opted for Vivad Se Vishwas scheme and has filed an application on 03.03.2021 along with Form-3 by stating as follows : “Re. Aquatech Systems (Asia) Private Limited (the „Appellant‟) Assessment year 2012-13 PAN : AABCA1850C Sub : Request for withdrawal of appeal With due respect to the captioned appeal, the appellant has opted to settle the dispute under Vivad Se Vishwas Act, 2020 (VSV Act). Accordingly, the Appellant has made declaration in Form No.1 & 2 as specified in Vivad Se Vishwas Rules, 2020 (VSV Rules) on 24th December, 2020. Pursuant to the filing of Form No.1 & 2, the Appellant is in receipt of Form No.3 dated 01st January, 2021 ( attached as Annexure-1), issued by the designated authority wherein the total tax payable /refundable has been determined. On receipt of Form No.3, the Appellant under section 4(3) of the VSV Act is required to withdraw the appeal and furnish proof of withdrawal along with intimation of payment to the designated authority in Form 4. In view of the above, the Appellant craves leave to withdraw the captioned appeal.”

The Ld. DR has no objection in case the assessee wishes to withdraw the appeal. Hence, we permit the withdrawal. Appeal of assessee is dismissed being withdrawn.

In the result, the appeal of assessee is dismissed as withdrawn.