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Income Tax Appellate Tribunal, DELHI BENCH: ‘F’ NEW DELHI
Before: SHRI SAKTIJIT DEY & DR. BRR KUMAR
ORDER PER SAKTIJIT DEY, JUDICIAL MEMBER: This is an appeal by the assessee against order dated 27.11.2019 of learned Commissioner of Income-Tax(Appeals)-7, New Delhi for the assessment year 2011-12.
At the outset, learned authorized representative of the assessee, on instructions, sought withdrawal of the appeal as the dispute arising in the appeal has been settled under the Direct Tax Vivad Se Vishwas Act, 2020. A letter dated 24.06.2022 to this effect enclosing a copy of Form 5 dated 16th November 2021, issued by the designated authority has been furnished before the Bench.
Learned Departmental Representative did not oppose assessee’s request for withdrawal of the appeal.
Having considered rival submissions and perused material on record, we find, accepting assessee’s declaration under the Direct Tax Vivad Se Vishwas Act, 2020, the designated authority has issued Form 5, as noted above. Thus, for all practical purposes, the dispute arising in the appeal has been resolved.
In view of the aforesaid, we permit the assessee to withdraw the present appeal. Accordingly, appeal is dismissed as withdrawn.
In the result, the appeal is dismissed.