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Income Tax Appellate Tribunal, DELHI BENCH ‘B’ NEW DLEHI
Before: SHRI PRADIP KUMAR KEDIA & SHRI N.K. CHOUDHRY
This appeal has been preferred by the assessee against the order dated 10.06.2019, impugned herein, passed by the learned Commissioner of Income-tax (Appeals)-4, New Delhi (in short “Ld. Commissioner”), whereby penalty imposed by the Assessing Officer u/s. 271(1)(c) of the Income-tax Act, 1961 (in short ‘the Act’) for the assessment year 2012-13 was affirmed.
None is present on behalf of the Assessee. However, vide application dated 10.06.2022 available on record, the Assesseeclaimed thatas the Assesseeunder Vivad Se Vishwas Scheme, 2020, has already settled the quantum dispute for the year under [2] consideration and the Revenue Department has issued form No. 5 dated 23.03.2021, the penalty imposed does not survive and therefore the present appeal may be treated as withdrawn. Ld. DR did not refute the claim of the Assessee.
Considering the factual position stated above, the present appeal arising out of the penalty order, deserves to be dismissed as withdrawn.
In the result, the appeal of the Assessee stands dismissed as withdrawn.
Order pronounced in the open court on 29/06/2022