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Income Tax Appellate Tribunal, “B” BENCH, PUNE
Before: SHRI R.S. SYAL & SHRI PARTHA SARATHI CHAUDHURY, JM
आदेश / ORDER This appeal by the assessee is directed against the order passed by the Commissioner of Income Tax (Appeals)-2, Kolhapur on 06.10.2016 in relation to the assessment year 2008-09.
Before us, the assessee has filed a letter dated 18.12.2020 seeking withdrawal of the appeal. The relevant contents of such letter reads as under :
“We have opted for the Direct Taxes Vivad Se Vishwas Scheme in respect of the appeal for A.Y. 2008-09. Accordingly, we have been issued Form No.3 by the Pr.CIT, in response to our application.
We have accordingly intimated our intention to withdraw our appeal for A.Y. 2008-09 to your honour. Appeal for A.Y. 2010-11, is a consequential appeal, where in the set off of brought forward losses from A.Y. 2008-09 is in dispute. In AY 2008-09 we have paid taxes under Vivad Se Vishwas Scheme settling the dispute regarding disallowance of Rs.1,95,54,338. Accordingly, we will b eligible for carry forward and its set off of losses from AY 2008-09 in A.Y. 2010- 11. Copy of Form No.3 as issued is enclosed.”
The ld. DR did not raise any objection to the withdrawal of the appeal filed by the assessee. As such, the assessee is permitted to withdraw the appeal.
In the result, the appeal is dismissed as ‘withdrawn’.
Order pronounced in the open Court on 21st day of December, 2020.