RSM SAPTHAGIRI FINANCE LTD,TIRUNELVELI vs ACIT, CIRCLE-1, TIRUNELVELI

Income Tax Appellate Tribunal, ‘B’ BENCH, CHENNAI

Before: HON’BLE SHRI MAHAVIR SINGH & HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM

For Appellant: Shri Saroj Kumar Parida (Advocate) – Ld. AR, Shri ARV Sreeniwasan (Addl. CIT) – Ld. Sr. DR

For Respondent: Shri ARV Sreeniwasan (Addl. CIT) – Ld. Sr. DR

आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member): 1. The captioned appeals were initially disposed-off by Tribunal vide common order dated 26-05-2022 allowing the appeals of the assessee. However, revenue preferred miscellaneous applications on the ground that the impugned issues, for both the years, were already settled by the assessee under Vivad-Se-Vishwas Scheme (VSVS). Considering the same, common order was recalled vide MA Nos.222 & 223/Chny/2022 dated 31-03-2023 and the appeals were restored to their original status. Since the disputes were settled by the assessee under VSVS, both the appeals were taken up for hearing with the consent of both the sides and are being disposed-off by way of this order.

Undisputedly, the impugned issues, for both the years, have already been settled by the assessee under Vivad-Se-Vishwas Scheme (VSVS) and Form Nos. 5 has also been issued by designated authority. Considering the same, both the appeals stands dismissed as withdrawn by the assessee.

Both the appeals stands dismissed as withdrawn.

Order pronounced on 31st March, 2023.

RSM SAPTHAGIRI FINANCE LTD,TIRUNELVELI vs. ACIT, CIRCLE-1, TIRUNELVELI