M/S. JOGI DIAMONDS ,SURAT vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3(2), SURAT

At the outset itself, we note that the assessee has moved an application for withdrawal of appeal on the ground that the assessee has already settled the dispute with the Revenue under 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 23.12.2020 vide Certificate No.875106610231220 issued by Principal Commissioner of Income Tax, Surat-1, was also verified by the Bench. The 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 The Ld.Sr.DR for the Revenue did not have any objection if the said appeal is withdrawn by the assessee. Consequently, we treat this appeal as withdrawn.

In the result, the appeal of the assessee (in AY.2012-13) is dismissed as withdrawn.