CEE PEE CREATIONS PVT. LTD.,NEW DELHI vs. ITO WARD-5(4), NEW DELHI

Both the appeals filed by the assessee are directed against the orders dated 31.10.2019 and 31.07.2019 of the Commissioner of Income Tax (Appeals)-2, New Delhi relating to Assessment Years 2011-12 and 2008-09.

Before us, assessee has moved an application wherein the assessee has stated that it has opted for Vivad Se Vishwas (VSV) 2020 and has filed the declaration (Form-1) and undertaking (Form-2) Scheme and department had issued Form-5. The assessee therefore seeks to withdraw the appeals, to which the Revenue has no objection.

After considering the request made by the assessee, we dismiss the appeals of assessee as withdrawn subject to a caveat that in case the dispute relating to tax arrears for the captioned assessment years is not ultimately resolved in terms of the aforesaid Act, the assessee shall be at liberty to approach the Tribunal for reinstitution of the appeals and the Tribunal shall consider such application appropriately as per law. With these directions, appeals of the assessee are dismissed as withdrawn.

In the result, both the appeals of the assessee are dismissed.