NARESH KAPOOR,DERA BASSI vs. ITO, W-6(4), MOHALI

During the course of virtual hearing it was noticed that the assessee furnished an application for withdrawal of his appeal stating therein as under:

Subject: Request for Withdrawal of Appeal. With reference to the captioned subject, it is humbly submitted that the appellant has filed appeal against the assessment orders passed by Commissioner of Income Tax (Appeals), Chandigarh U/s 143(3) of the Income Tax Act, 1961 as on dated 02.07.2019. Now, the appellant has filled application under Vivad Se Vishwas Tak Scheme launched by Govt, of India. As per the provisions of The Direct Tax Vivad Se Vishwas Act Rules, the appellant shall withdraw the appeal filed before Appellate Authorities. The copy of the form no. 1 , 2 and 3 of the said scheme are enclosed herewith for kind reference of your honour. Therefore, this letter may kindly be considered as application for withdrawal of the appeal.

During the course of hearing the Assessee submitted that he had opted to settle the dispute relating to tax/penalty under Vivad Se Vishwas Scheme, under section 5(1) of the Direct Tax Vivad se Vishwas Act, 2020, therefore the appeal may be allowed to be withdrawn.

The Ld. DR did not object if appeal of the assessee is dismissed as withdrawn.

In view of the above the appeal of the assessee is dismissed as withdrawn.

In the result, appeal of the assessee is dismissed.