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Facts
The assessee filed an appeal against the order dated 09/10/2023. The assessee has opted for the Vivad Se Vishwas (VSV) Scheme, 2024, for settlement. A certificate in Form No. 2 was received, determining the tax payable as NIL.
Held
The Tribunal allowed the assessee to withdraw the appeal as per their request under the VSV Scheme. The grounds raised by the assessee were dismissed as withdrawn.
Key Issues
Whether the assessee can withdraw the appeal after opting for the Vivad Se Vishwas Scheme and obtaining a NIL tax determination certificate.
Sections Cited
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, “C” BENCH, MUMBAI
Before: SMT. BEENA PILLAI & SHRI GIRISH AGRAWAL
Per: Smt. Beena Pillai, J.M.: The Present appeal filed by the assessee arise out of order dated 09/10/2023 passed by Ld.CIT(A)-54, Mumbai.
At the outset, the Ld.AR submitted that, assessee has opted for VSV Scheme and is seeking to withdraw the present appeal. He submitted that though Form 2 is received by the assessee A.Y. 2020-21 Indiawin Sports Private Ltd pursuant to which the assessee intends to withdraw the present appeal. Scanned and reproduced herewith is the withdrawal letter filed by the assessee:
A.Y. 2020-21 Indiawin Sports Private Ltd 3. It is noted that the assessee has filed application in Form 1 on 14/02/2025 and Form 2, is awaited. Considering the submissions of the assessee, the appeal is allowed to be withdrawn, with liberty to review the order if circumstance so warrant.