M/S I.K. GUJRAL PUNJAB TECHNICAL UNIVERSITY,KAPURTHALA vs. DCIT, C-1, (EXEMPTIONS), CHANDIGARH

The present appeals relate to the same assessee and have been preferred against the orders dated 30.03.2018 &14.12.2018 of the Ld. Commissioner of Income Tax (Appeals)-2, Jalandhar [hereinafter referred to as ‘CIT(A)’] for the assessment years2009-10 & 2010-11 respectively ,passed u/s 250(6) of the Income Tax Act,1961(hereinafter referred to as “Act”).

Ld. Counsel for the assessee submitted before us that it has opted for the settlement of the dispute under the “ Vivad Se Vishwas Scheme-2020” and Form No. 3 has also been issued by the designated authority accepting the assessee’s request.

In view of the above, since the assessee has settled the dispute in the VSV scheme framed by the legislature in this regard, the impugned appeals are dismissed as withdrawn.