CHANDULAL AGARWAL,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(1), HYDERABAD

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ITA 1814/HYD/2019Status: DisposedITAT Hyderabad07 January 2021AY 2013-142 pages

In favour of the Revenue: the assessee's appeal was dismissed. From the AI summary of this appeal.

AI SummaryDismissed

What did the Tribunal hold?

The Tribunal accepted the assessee's request to withdraw the appeal due to the settlement under the Vivad Se Vishwas Scheme. This withdrawal is subject to the condition that if the dispute is not ultimately resolved, the assessee can seek reinstitution of the appeal.

What were the facts?

The assessee's appeal was filed against an order of the CIT(A) for AY 2013-14. The assessee opted to settle tax arrears under the Vivad Se Vishwas Scheme, 2020, and had received Form-3.

What were the issues?

Whether the appeal can be withdrawn by the assessee due to opting for the Vivad Se Vishwas Scheme. The conditionality of the withdrawal based on the scheme's resolution.

Which sections of the Income-tax Act were involved?

Section 143(3)

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, HYDERABAD ‘SMC’ BENCH : Hyderabad

Before: Smt. P. Madhavi Devi

Hearing: 07/01/2021Pronounced: 07/01/2021

Date of Hearing : 07/01/2021 Date of Pronouncement : 07/01/2021 O R D E R This is assessee’s appeal filed against the order of CIT(A)-2, Hyderabad dated 27.08.2019 relating to A.Y. 2013-14 passed u/s 143(3) of the Income Tax Act, 1961. This appeal was taken up for hearing through Video Conference on 07.01.2021 and both the parties were heard.

2.

The Ld.AR for the assessee has submitted that the assessee has opted to settle the dispute relating to the tax arrears for the A.Y. under consideration under “Vivad Se Vishwas Scheme, 2020”. He further submitted that an application to this effect has been filed by the assessee and that the assessee has also received Form- 3. He requested that the assessee may be permitted to withdraw the appeal.

3.

The Ld.DR has no objection to the same. ./2019 Chandulal Agarwal AY 2013-14

4.

In view of the above, I accept the request of the assessee for withdrawal of the appeal as Pr.CIT-2 has issued Form-3.

5.

However, the aforesaid is subject to a caveat that in case the dispute relating to tax arrears for the captioned A.Y. is not ultimately resolved in terms of the afore-stated Act, the appellant (i.e. the assessee) is at liberty to approach the Tribunal for reinstitution of the appeal and the Tribunal shall consider such application appropriate as per law. The Ld.DR for the revenue has no objection with regard to the aforesaid caveat.

6.

In the result, the appeal of the assessee is dismissed as ‘withdrawn’.

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