M/S.UNIQUE FUR N FABRICS PVT. LTD.,,SURAT vs. DEPUTY. COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(1),, SURAT

At the outset itself, Shri Sapnesh Sheth, Learned Counsel for the assessee, submitted before the Bench that Assessee has opted the benefit of the “Direct Tax Vivad Se Vishwas Act, 2020”. A copy of FORM-3 under ‘the Direct Tax Vivad Se Vishwas Act, filed by the assessee in the Income Tax Department on 14.12.2020, vide Certificate No.817173580141220 issued by Principal Commissioner of Income Tax, Surat-1, was also placed before the Bench. Shri Sapnesh Sheth, Authorised Representative, on behalf of the Assessee, by way of a letter dated 22.12.2020, submitted that assessee prayed for withdrawal of the appeal to which, the learned Departmental Representative did not raise any objection.

We have heard both the parties and gone through FORM-3 filed by the assessee to obtain the benefit of ‘Vivad Se Vishwas Scheme’ and noted that assessee has prayed for withdrawal of the appeal. The Ld.Sr.DR for the Revenue