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Income Tax Appellate Tribunal, HYDERABAD BENCHES “B” : HYDERABAD
Before: SMT. P. MADHAVI DEVI & SHRI A. MOHAN ALANKAMONY
The present appeals filed by the Revenue are against the common order of the Commissioner of Income Tax (Appeals)–9, Hyderabad, dated 29-09-2017 relating to the AYs.2011-12, 2012-13 & 2013-14 passed u/s.143(3) r.w.s.147 of the of the Income Tax Act [Act].
The Ld.AR for the assessee has requested for withdrawal of the appeal filed by the assessee and stated that the assessee has opted the dispute relating to the tax arrears for the assessment year under consideration i.e., AYs.2011-12 to 2013-14 under ‘Vivad Se Vishwas Scheme, 2020’ and that the relevant applications to this effect have been filed by the assessee and the designated authority has issued Form 3 and thus submitted that the Revenue has to withdraw these appeals.
:- 2 -: 2221 & 2222/Hyd/2017
The Ld.DR for the Revenue has no objection to the same.
In view of the above, we accept the request of the Revenue for withdrawal of the appeals.
However, the aforesaid is subject to a caveat that in case the dispute relating to tax arrears for the captioned assessment years is not ultimately resolved in terms of the afore-stated Act, the appellant (i.e., the Revenue) is at liberty to approach the Tribunal for reinstitution of the appeals and the Tribunal shall consider such applications appropriately as per law. The Ld.DR for the Revenue has no objection with regard to the aforesaid caveat.
In the result, all the appeals of Revenue are dismissed.