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Income Tax Appellate Tribunal, “SMC” BENCH, AHMEDABAD
Before: SHRI RAJPAL YADAV, VICE-Shri Kanaiyalal Bhulabhai Pael
(Applicant) (Responent) : Shri Sunil Talati, AR Assessee by Revenue by : Shri R.R.Makwana, Sr.DR सुनवाई क� तार�ख/Date of Hearing : 24/05/2021 घोषणा क� तार�ख /Date of Pronouncement: 01/06/2021 आदेश/O R D E R
The above appeal filed by the assessee arises from order of the Commissioner of Income Tax (Appeals)-VI, Baroda dated 10.9.2013 for assessment year 2010-11.
When the matter was called for hearing, it is submitted by the ld.counsel for the assessee that the assessee has opted for Vivad Se Vishwas Scheme and the application has also been accepted by Pr.CIT and issued form no.3 to this effect. Assessee has placed on record copy of Form No.3. It is therefore submitted that the assessee may be given permission to withdraw his appeal for availing benefit under Direct Tax Vivad Se Vishwas Act, 2020. The ld.counsel for the assessee has filed a letter dated 22.5.2021 to this effect. The ld.DR
has no objection if the appeal of the assessee is treated to be withdrawn in terms of scheme opted by the assessee.
In the light of the above submission made by assessee, I find no reason to keep pending appeal of the assessee before the Tribunal since the assessee has exercised its option to settle the issue as per Vivad Se Vishwas Scheme. Accordingly, the appeal of the assessee stands dismissed. However, in the event, the assessee fails to avail the benefit of VSV Scheme for any reasons, then the assessee will be at liberty to seek restoration of original appeal for adjudication before ITAT in accordance with law.
In the result, the appeal of the assessee stands dismissed under VSV scheme. Order pronounced in the Court on 1st June, 2021 at Ahmedabad.