M/S S.G PROCESSORS PVT.LTD,AMRITSAR vs. INCOME TAX OFFICER WARD 5(5), AMRITSAR

The Ld. Counsel for the Assessee furnished an application for withdrawal of this appeal stating therein as under:

Regarding : Withdrawl of Appeal in the case of S G Processors Amritsar - PAN : AADCS9537L Appeal No.S2/ASR2018 - Assessment Year 2013-14 The above said appeal was filed before Hon'ble Bench and the same is still pending. With reference to above it is submitted that the assesee has opted for the settlement of dispute under the Kar Vivad Samadhan Act. Form No.l and 2 were filed with the Hon'ble Pr.CIT, Amritsar who has already issued Form No.3 i.e. Certificate under sub section 1 of section 5 of Direct Tax Vivad Se Vishwas Act 2020. Copy of Form No.3 issued by Hon'ble Pr.CIT, Amritsar-1 are enclosed for your honor's ready reference.

During the course of hearing the Ld. Counsel for the Assessee submitted that since the assessee has availed the immunity scheme i.e; Vivad Se Vishwas and the Income Tax Department has since issued Form 3 bearing Certificate No. 260383750150221, in response to the application filed by the assessee, under section 5(1) of the Direct Tax Vivad se Vishwas Act, 2020, therefore the appeal of the assessee may be allowed to be withdrawn.

The Ld. Sr. DR did not object if appeal of the assessee is dismissed as withdrawn.

In view of the above the appeal of the assessee is dismissed as withdrawn.

In the result, appeal of the assessee is dismissed.