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Income Tax Appellate Tribunal, DELHI BENCH, ‘G’: NEW DELHI
Before: SHRI SHAMIM YAHYA & SHRI CHANDRA MOHAN GARG
Date of Hearing 06.12.2022 Date of Pronouncement 06.12.2022 ORDER PER SHAMIM YAHYA, AM,
This appeal by the Revenue is directed against the order of ld. CIT (Appeals)-27, New Delhi, dated 04.07.2018 for the Assessment Year 2010-11.
At the time of hearing, the ld. DR has requested to withdraw the appeal on the ground that the assessee has opted to settle the dispute relating to the tax arrears for the assessment year under consideration under the “Vivad Se Vishwas Scheme, 2020”. It was also submitted by the Ld. DR that the Department has also issued Form No.5 to the assessee for the full and final settlement of tax arrears.
Keeping in view the aforesaid facts, present appeal is hereby dismissed with liberty to get it restored by the Revenue in case dispute is not settled as per scheme. The assessee has no objection with regard to the aforesaid caveat. Consequently, the present appeal is dismissed as withdrawn.
In the result, appeal of the Revenue stands dismissed.
Order pronounced in the open court on 06TH December, 2022.