SHREE RAGUKUL TAX PRINTS PVT.LTD.,SURAT vs. ASSTT. COMMISSIONER OF INCOME TAX,CIRCLE.4, SURAT

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ITA 835/AHD/2016Status: DisposedITAT Surat18 May 2021AY 2011-123 pages
AI SummaryWithdrawn

What did the Tribunal hold?

The Tribunal noted that the assessee had settled the dispute under the Vivad se Visvas Scheme. Therefore, the appeal was dismissed as withdrawn.

What were the facts?

The assessee filed an appeal against the assessment order. Subsequently, the assessee availed the benefits of the Vivad se Visvas Scheme, 2020, and settled the dispute with the department.

What were the issues?

Whether the appeal should be dismissed as withdrawn due to settlement under the Vivad se Visvas Scheme.

Which sections of the Income-tax Act were involved?

Section 254(1)

AI-generated summary — verify with the full judgment below

Assessee by Shri Rasesh Shah – CA Revenue by Ms. Anupma Singla – Sr. DR Date of hearing 18.05.2021 Date of pronouncement 18.05.2021 Order under section 254(1) of Income Tax Act PER PAWAN SINGH, JUDICIAL MEMBER: 1. This appeal by assessee is directed against the orders of ld. Commissioner of Income tax (Appeals)-II, Surat, dated 13.01.2016, which in turn arise from the assessment order under section 143(3) 30.03.2014 for assessment year (AY) 2011-12. The appeal came up hearing on 18th May 2021. Shri Rasesh Shah, CA appeared on behalf of assessee. Perusal of record shows that the assessee has filed an application inter alia stating therein that the assessee has availed the benefits of Vivad se Visvas Scheme -2020 (VSV- 20) and has settled the dispute with department and has received Form-3 of VSV-20 bearing acknowledgement No. 339060710080421 from designated authority and prayed for withdrawal of appeal. The Ld AR for the assessee prayed for withdrawal of appeal.

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