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Income Tax Appellate Tribunal, DELHI BENCH ‘B’ : NEW DELHI
Before: SHRI AMIT SHUKLA & DR. B.R.R. KUMAR
Aforesaid appeal has been filed by the Revenue against the impugned order dated 28.02.2019 passed by the ld. CIT(A)-22, New Delhi in relation to the penalty proceedings under section 271(1)(c) of the Income-tax Act, 1961 (for short ‘the Act’) for the Assessment Year 2007-08.
Ld. Counsel for the assessee filed an application dated 10th March, 2022 stating that the assessee has opted to settle the dispute
Se Vishwas Scheme, 2020” and the same had already been settled under the aforesaid Scheme. He has attached Form 5-cum-certificate received from the Department along with the application dated 16.03.2022.
Keeping in view the aforesaid facts, present appeal is hereby dismissed with liberty to get it restored by the assessee in case dispute is not settled as per scheme. The Revenue has no objection with regard to the aforesaid caveat. Consequently, the present appeal is dismissed. Order was pronounced on 16th day of March, 2022.