ALUMINIUM PECHINEY,NEW DELHI vs. ACIT, NEW DELHI

These two appeals are filed by the assessee against the order u/s 144C of Income Tax Act, 1961 dated 13/01/2022 passed u/s 143(3) of the Act for the AYs 2018-19 and 2020-21 respectively.

The assessee through letter dated 12/05/2025 submitted that it had opted to settle the disputes in appeal through Direct Tax Vivad se Vishwas Scheme, 2024 and accordingly Form 1 has been filed on 30.04.2025 for both these assessment years. A copy of Form 1 is placed on record. The Counsel thus, submitted that the Assessee is seeking time.

Heard rival submissions, perused Form 1 filed by the assessee under DTVSVS 2024. It is observed from the said Form that the assessee opted to settle the disputes in appeal in 685/Del/2023 for the AYs 2018-19 and 2020-21 under DTVSVS. Since the assessee has opted under DTVSVS to settle the issues in appeals, these appeals are treated as withdrawn. In the event of the Revenue not accepting Form 1 filed by the assessee, the assessee is given liberty to file miscellaneous applications for restoration of appeals and to decide on merits.

In the result, appeals of the assessee are dismissed as withdrawn.