RAVINDRA KUMAR KESARWANI,ALLAHABAD vs. INCOME TAX OFFICER WARD 1(3), ALLAHABAD

At the time of hearing, the Ld. AR of the assessee has submitted that the assessee does not want to pursue this appeal as the assessee has opted for Vivad Se Vishwas Scheme- 2020. The Ld. AR has pointed out that the competent authority has already issued Form No. 3 which covers the dispute involved in the quantum appeal as well as present penalty appeal. The quantum appeal of the assessee was already dismissed as withdrawn vide order dated 25.02.2021 in I.T. Act No. 133/Alld/2019. Thus, the Ld. AR has submitted that the present appeal of the assessee may be allowed to be 2 withdrawn. The Ld. DR has raised no objection if the present appeal of the assessee is dismissed as withdrawn.

In view of the fact that the assessee has already opted for Vivad Se Vishwas Scheme – 2020 to settle the dispute for the year under consideration including the penalty levied u/s 271 (1) (c) of the Act and the designated authority has issued Form No. 3 dated 15.02.2021. The request of the assessee for withdrawal of appeal is allowed. Accordingly, the appeal of the assessee is dismissed being withdrawn.

In the result, the appeal of the assessee is dismissed as withdrawn.