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Income Tax Appellate Tribunal, Hyderabad ‘B’ Bench, Hyderabad
Before: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony
ORDER Per Smt. P. Madhavi Devi, J.M This is assessee’s appeal for the A.Y 20112-13 against the order of the CIT (A)-10, Hyderabad, dated 08-11-2016.
At the outset, the Ld. AR submitted before us that the assessee does not want to pursue the appeal as it has already filed forms I & II under the “Direct Tax Vivad Se Vishwas Act, 2020” scheme and it has also been issued Form 3 from the Pr.CIT, Hyderabad. Therefore, consequent to the same, the assessee desires to withdraw the appeal before the Tribunal. Hence it was AY 2012-13 Krishna Bhima Samruddhi Local Area Bank Ltd. pleaded, that the appeal of the assessee may be treated as withdrawn.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 assessee and its Ld. AR, we hereby allow the appeal of the assessee to be withdrawn. We also make it clear that the assessee shall be at liberty to approach the Tribunal within the stipulated time as provided under the Act, in order to reinstate the appeal, if the application with respect to Vivad se Vishwas scheme is rejected.
In the result, appeal of assessee is dismissed as withdrawn. Order pronounced in the Open Court on 01st February, 2021.