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PER RAJPAL YADAV, VICE PRESIDENT
This is an appeal filed by the Assessee against the order of the Ld. CIT(A)-5, Ludhiana dt. 27/06/2019.
The Ld. Counsel for the Assessee furnished an application for withdrawal of this appeal stating therein as under:
Sub: APPEAL NO. ITA 1226/CHANDI/2019 FIXED FOR HEARING ON 27.04.2021 Respected Sir / Madam, Kindly refer to appeal no. ITA 1226/CHANDI/2019 which is fixed for hearing on 27.04.2021. In this regard we want to communicate that instead of setting the appeal process, we have decided to opt for Vivad se Vishwas Scheme, 2020. In regard to the same, we have already filed our declaration in Form -1 along with undertaking in Form-2 thus waiving our right to seek or pursue any remedy or any claim which may be available to us. We are also enclosing herewith Form 3 “FORM FOR CERTIFICATE UNDER SUB-SECTION(1) OF SECTION 5 OF THE DIRECT TAX
VIVAD SE VISHWAS ACT, 2020 (3 OF 2020) THE DIRECT TAX VIVAD SE VISHWAS RULES, 2020”. We request you to kindly update the same in your records. Yours Faithfully, Sd/- 3. During the course of hearing the Ld. Counsel for the Assessee submitted that since the assessee has availed the immunity scheme i.e; Vivad Se Vishwas and the Income Tax Department has issued Form 3 bearing Certificate No. 265511380160221, in response to the application filed by the assessee, under section 5(1) of the Direct Tax Vivad se Vishwas Act, 2020, therefore the appeal of the assessee may be allowed to be withdrawn.
The Ld. DR did not object if appeal of the assessee is dismissed as withdrawn.
In view of the above the appeal of the assessee is dismissed as withdrawn.
In the result, appeal of the assessee is dismissed.
(Order pronounced in the open Court on 16/03/2021)