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Facts
The assessee filed applications for withdrawal of appeals for assessment years 2015-16 and 2016-17, having opted to settle issues under the Vivad se Vishwas Scheme, 2024. The revenue did not object to the withdrawal.
Held
The Tribunal allowed the assessee's request to withdraw the appeals, noting that they had opted for the Vivad se Vishwas Scheme. Liberty was granted to revive the appeals if the scheme application fails.
Key Issues
Whether the assessee can withdraw their appeals to settle issues under the Vivad se Vishwas Scheme, and if liberty should be granted to revive them.
Sections Cited
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Income Tax Appellate Tribunal, DELHI ‘F’ BENCH,
Before: SHRI ANUBHAV SHARMA & SHRI AMITABH SHUKLA
revenue are directed against the order of Assessing Officer for A.Ys 2015- 16 and 2016-17 respectively.
The assessee has filed application for withdrawal of its appeals as the assessee has opted to settle the issues under the Vivad se Vishwas Scheme, 2024 [in short ‘VSVS’]. The assessee has placed on record copy of Form No. I and 2 filed under VSVS, 2024. The ld. counsel for assessee prayed for liberty to revive appeals in case applications of assessee fail to mature for any reason under Vivad se Vishwas Scheme, 2024.
The ld. DR raised no objection to withdrawal of appeals by the assessees.
Both sides heard. In light of application made by the assessee, appeals of assessee and Revenue are dismissed as withdrawn as assessees have opted to settle the issue under Vivad se Vishwas Scheme.
Liberty is granted to assessee to revive the appeals in case application of assessee under Vivad se Vishwas Scheme, 2024 fails to mature.
In the result, appeals of assessees in 7639/DEL/2019 and appeals of the Revenue in and 7854/DEL/2019 are dismissed as withdrawn. The order is pronounced in the open court on 24.07.2025.