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Income Tax Appellate Tribunal, DELHI BENCH: ‘C’ NEW DELHI
Before: SHRI G.S. PANNU, HON’BLE & SHRI SAKTIJIT DEY
ORDER PER SAKTIJIT DEY, JM:
This is an appeal by the assessee against order dated 21.06.2019 of learned Commissioner of Income Tax (Appeals)-5, Ludhiyana, for the assessment year 2014-15.
When the appeal was called for hearing, none appeared on behalf of the assessee. However, the assessee has furnished letter dated 27.04.2022 seeking withdrawal of the appeal as the dispute between the assessee and the Revenue has been settled under the Direct Tax Vivad Se Vishwas Act, 2020. A copy of From 5 issued by the designated authority has also been enclosed to the aforesaid letter.
Learned Departmental Representative did not oppose assessee’s request for withdrawal of the appeal.
On perusal of materials on record, it is observed that accepting assessee’s declaration under the Direct Tax Vivad Se Vishwas Act, 2020, the designated authority has issued Form 5 on 08.04.2021. Thus, for all practical purposes, the dispute arising in the present appeal has been settled.
In view of the aforesaid, we permit the assessee to withdraw the present appeal. Accordingly, the appeal is dismissed as withdrawn.
In the result, the appeal is dismissed.
Order pronounced in the open court on 13th May, 2022