Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, DELHI BENCH: ‘SMC’ NEW DELHI
ORDER This is an appeal by the assessee against the order dated 26.10.2018 of learned Commissioner of Income-Tax(Appeals)-1, Gurgaon pertaining to assessment year 2015-16.
At the time of call, none appeared on behalf of the assessee.
However, assessee has furnished a letter dated 07.06.2022, seeking withdrawal of the appeal as the dispute arising in the appeal has been settled under the Direct Tax Vivad se Vishwas Act, 2020. A copy of Form No. 5 dated 11.11.2021 issued by the Designated Authority has been attached to the aforesaid letter.
Learned Departmental Representative did not oppose assessee’s request for withdrawal of the appeal.
I have heard learned Departmental Representative and perused the material available on record.
From the material placed on record, it is observed, accepting assessee’s declaration under the Direct Tax Vivad se Vishwas Act, 2020, the designated authority has issued Form 5. Thus, for all practical purposes, the dispute arising in the present appeal has been resolved.
In view of the aforesaid, I permit the assessee to withdraw the appeal. Accordingly, appeal is dismissed as withdrawn.
In the result, the appeal is dismissed.