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Income Tax Appellate Tribunal, DELHI BENCH: ‘A’ NEW DELHI
Before: SHRI G.S. PANNU & SHRI SAKTIJIT DEY
ORDER PER SAKTIJIT DEY, JUDICIAL MEMBER: This is an appeal by the Revenue against order dated 25.06.2019 of learned Commissioner of Income-Tax (Appeals)-29, New Delhi for the assessment year 2016-17.
At the outset, learned Authorized Representative of the assessee submitted that the dispute arising in the appeal has been settled under the Direct Tax Vivid se Vishwas Act, 2020, as the designated authority has issued Form 5 on 07.07.2022. A letter dated 15.07.2022 to this effect attaching a copy of Form 5 is placed on record.
Learned Departmental Representative fairly agreed with the aforesaid submission of learned counsel appearing for the assessee.
Having considered rival submissions and perused material available on record, we find that accepting assessee’s declaration under Direct Tax Vivid se Vishwas Act, 2020, the designated authority has issued Form 5. Thus, for all practical purposes, the dispute arising in the present appeal stands resolved. Therefore, the appeal having become infructuous is dismissed.
In the result, the appeal is dismissed.
Order pronounced in the open court on 15th July, 2022.