M/S. SETH B.N. AGARWAL & CO.,BETUL vs. INCOME TAX OFFICER, BETUL

This is an Appeal by the Assessee directed against the Order by the Commissioner of Income Tax (Appeals)-3, Bhopal (‘CIT(A)’ for short) dated 30/10/2018, partly allowing the assessee’s appeal contesting its’ assessment under section 143(3) of the Income Tax Act, 1961 ('the Act' hereinafter) for the Assessment Year (AY) 2013-14 vide Order dated 02/11/2015.

At the very outset, it was submitted by Sh. Purohit, the ld. counsel for the assessee, that the assessee intends to withdraw its’ appeal in view of it having opted for the ‘Vivad Se Viswas Scheme, 2019’. The same has since been accepted and Form 3, signifying the same, issued, with the assesee having deposited the requisite tax thereunder with the Central Government on 19/12/2020 (copy of Form-4 on record). The withdrawal, applied for vide letter 1 Seth B.N. Agrawal & Co. v. ITO, Betul (AY 2013-14) dated 12/2/2021, may accordingly be permitted. The ld. Sr. DR, Ms. Agarwal, did not raise any objection to the assessee withdrawing its’ appeal under the circumstances.