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Income Tax Appellate Tribunal, DELHI BENCH: ‘B’ NEW DELHI
Before: SHRI SHAMIM YAHYA & SHRI YOGESH KUMAR US
This appeal is filed by the Revenue for assessment year 2005-06 against the order of the ld. Commissioner of Income Tax (Appeals)–31, New Delhi, dated 31.01.2019.
At the time of hearing the ld. Counsel for the assessee submitted that the assessee has opted to settle the dispute involved in the ACIT Vs. Constructive Finance, ND impugned appeal under The Direct Tax Vivad Se Vishwas Scheme, 2020 and filed Form No. 5 issued under the Scheme. Therefore, submitted that the appeal may be allowed to be withdrawn.
The ld. DR also agreed with the above contentions.
On careful consideration of the fact it is found that Form No. 5 has been issued to the assessee by the Department on 11th June, 2021 under The Direct Tax Vivad Se Vishwas Act, 2020. Therefore, the appeal is allowed be withdrawn and hence dismissed.
In the result, appeal is dismissed.
Order pronounced in the open court on : 19/07/2022.