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Income Tax Appellate Tribunal, Hyderabad ‘ B ‘ Bench, Hyderabad
Before: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony
Per. A. Mohan Alankamony, A.M.
These are assessee’s appeals for the A.Y 2015-16 against the common orders of the CIT (A)-2, Hyderabad, dated 25.4.2018.
At the outset, the Ld. AR submitted before us that the assessees does not want to pursue the appeal as it has already filed forms I & II under the “vivad se vishwas” scheme and its acceptance is awaited. Therefore, consequent to the same, the assessee desires to withdraw the appeal before the Tribunal. Hence it was pleaded, that the appeal of the assessee may be treated as withdrawn.
The Ld. DR conceded to the request of the Ld. AR.
After hearing both the parties, according to the request of the assessees and its Ld. AR, we hereby allow the appeals of the assessees to be withdrawn. We also make it clear that the assessees are at liberty to approach the Tribunal within the stipulated time as provided under the Act, in order to reinstate the appeals, if the application with respect to Vivad se Vishwas scheme is rejected.
In the result, appeals of assessees are dismissed as withdrawn. Order pronounced in the Open Court on 24th February, 2021.