M/S. APEX AUTO LIMITED,,JAMSHEPUR vs. DCIT, JAMSHEPUR

This Assessee’s appeal for assessment year 2015-16 arises against the CIT(A)-, Jamshedpur’s orders dt. 10-08-2018 confirming the assessment order dated 20-12- 2017 passed by the AO’s action involving proceedings u/s. 143(3) of the Income-tax Act, 1961 ( in short ‘Act’). Heard both the Ld. Sr.DR. Case file perused.

It is noticed that the assessee submitted that the assessee is availing the “Vivad Se Vishwas Scheme” and has filed an application in this regard. He wanted an adjournment or in the alternative pleaded for protection that, if its application under the scheme is rejected by the authorities, the appeal may be restored. He submitted that if such an assurance is recorded in the order, he would withdraw this appeal before the Tribunal. The Ld. DR had no objection.

After hearing the Ld. DR, we dismiss this appeal as withdrawn with the condition that the same shall be restored in case the authorities do not approve the application filed by the assessee for resolution of the dispute under “Vivad Se Vishwas Scheme”.

In the result, the appeal of assessee is dismissed as withdrawn in above terms.