Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, DELHI BENCH: ‘A’ NEW DELHI
Before: SHRI G.S. PANNU, HON’BLE & SHRI SAKTIJIT DEY
In the present appeal, the assessee has challenged the order passed under section 263 of the Income-tax Act, 1961 by learned Principal Commissioner of Income Tax -24, New Delhi, 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 19.05.2022 seeking permission to withdraw the present appeal, since the dispute arising in the appeal has been settled under the Direct Tax Vivad Se Vishwas Act, 2020.
Learned Departmental Representative did not oppose assessee’s request for withdrawal of the appeal.
We have heard learned Departmental Representative and perused the materials on record. It is observed, the assessee had opted for settling the dispute arising in the present appeal under the Direct Tax Vivad Se Vishwas Act, 2020. Accepting assessee’s declaration, the designated authority has issued Form 5 on 10.06.2021. Thus, for all practical purposes, the dispute arising in the present appeal has been settled.
In view of the aforesaid, we accept assessee’s request for withdrawal of the appeal. Accordingly, the appeal is dismissed as withdrawn.
In the result, the appeal is dismissed.
Order pronounced in the open court on 20th May, 2022