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Income Tax Appellate Tribunal, HYDERABAD ‘SMC’ BENCH : Hyderabad
Before: Smt. P. Madhavi Devi
Date of Hearing : 21/01/2021 Date of Pronouncement : 28/01/2021 O R D E R This is assessee’s appeal filed against the order of CIT(A), Tirupati dated 29.052018 relating to A.Y. 2005-06.
At the outset, the Ld.AR submitted before us that the assessees does not want to pursue the appeal as assessee has already filed forms I & II under the “Direct Taxes Vivad Se Vishwas Scheme, 2020” and its acceptance is awaited. Therefore, consequent to the same, the assessees desire 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 Hence it was pleaded, that the appeal of the assessee may be treated as withdrawn.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.A.R. ./2018 AY 2005-06 Sri Sai Ramalinga Reddy C 4. After hearing both the parties, according to the request of the assessee I hereby allow the appeal of the assessee to be withdrawn. I 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In the result, the appeal of the assessee is dismissed as ‘withdrawn’.