M/S G.S.AUTOCOMP PVT.LTD.,,LUDHIANA vs. ACIT-CC-II, LUDHIANA

The above appeal has been preferred by the assesse against the order of the Commissioner of Income Tax (Appeals)- 5, Ludhiana dated 04.12.2019 relating to assessment year 2015-16, passed u/s 250(6)) of the Income Tax Act, 1961 (hereinafter referred to as ‘Act’. A.Y. 2015-16 Page 2 of 2

At the outset, Ld. Counsel for the assessee has submitted that since the assessee had moved an application for 'Vivad Se Vishwas Scheme,2020' and the Income Tax Department has issued Form No.3, thus settling the dispute, therefore, he intends to withdraw the present appeal. Separate application dated 31.01.2021 for withdrawal of the appeal has been submitted by the ld. Counsel for the assessee. The ld. DR has no objection for the said withdrawal.

In view of the above, the above appeal of the assessee is hereby dismissed as 'Withdrawn'.