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Income Tax Appellate Tribunal, DELHI BENCH: ‘E’ NEW DELHI
Before: SHRI SAKTIJIT DEY & SHRI ANADEE NATH MISSHRA
Date of hearing 15.06.2022 Date of pronouncement 15.06.2022 ORDER PER SAKTIJIT DEY, JUDICIAL MEMBER:
This is an appeal by the assessee against order dated 30.07.2019 of learned Commissioner of Income-Tax (Appeals)-22, New Delhi for the assessment year 2016-17.
At the outset, learned counsel appearing for the assessee, on instructions, sought withdrawal of appeal, since, assessee has opted for settling the dispute arising in the appeal under the Direct Tax Vivad Se Vishwas Act, 2020.
In fact, a letter dated 15.06.2022 to this effect, enclosing a copy of Form 5 issued by the designated authority on 02.03.2021 has been furnished before the Bench.
Learned Departmental Representative did not object to assessee’s request for withdrawal of the appeal.
Having considered rival submissions, we find, accepting assessee’s declaration under the Direct Tax Vivad Se Vishwas Act, 2020, the designated has issued Form 5. Thus, with the issuance of Form 5, for all practical purposes, the dispute arising in the appeal stands resolved. That being the case, we permit the assessee to withdraw the present appeal. Accordingly, the appeal is dismissed as withdrawn.
In the result, the appeal is dismissed.