R.C.ENERGY METERING PVT. LTD.,NEW DELHI vs. ACIT,CIRCLE-20(2), NEW DELHI

PER Ms. MADHUMITA ROY, JM: The instant appeal, filed by the assessee, is directed against the order dated 12.01.2024 passed by the National Faceless Appeal Centre (NFAC), Delhi [DIN & Order No. ITBA/NFAC/S/250/2023-24/1059668265(1)], arising out of the assessment order dated 24.12.2019 u/s 143(3) of the Income Tax Act, 1961 (hereinafter referred to as “the Act”), for the assessment year 2017-18. 2. The assessee has filed an application for withdrawal of the instant appeal on the ground that for the impugned A.Y. 2017-18 the assessee has opted for settlement under Vivad Se Vishwas Scheme, 2024 and has duly filed declaration in Form 1 with the Department. A copy of acknowledgement receipt along with Form

2
R.C. Energy Metering Pvt. Ltd.
A.Y. 2017-18

no. 1 under the said scheme has also been annexed along with the application. It is also stated that Form no. 2 has not yet been received. It is prayed that assessee may be allowed to draw the instant appeal with liberty that in case application for settlement is not approved by the Department the appeal may be restored to meet the ends of justice. The Revenue could not controvert the averments made in the application.
3. Under these facts and circumstances of the matter the appeal is dismissed as withdrawn. However, the appellant is granted liberty, in the event of benefit under the VSVS Scheme, 2024 is not extended to it, for revival of the appeal before the Tribunal by taking appropriate steps.
4. The appeal is dismissed as withdrawn.
Order pronounced in open court on 04.06.2025. (SMT. ANNAPURNA GUPTA)
JUDICIAL MEMBER

*MP*