DASAPPASETTY RAJANNA,BANGALORE vs. THE INCOME TAX OFFICER, WARD-7(2)(3), BANGALORE

This appeal by the assessee is against the order dated 6.8.2018 of the CIT(Appeals)-7, Bengaluru for the assessment year 2015-16.

The assessee opted to settle the issue disputed in this appeal under the Direct Taxes Vivad Se Vishwas Act, 2020. The Principal CIT, however, rejected the declaration made under the aforesaid Act. The assessee filed Writ Petition No.21727/2021 before the Hon’ble Karnataka High Court and by order dated 8.9.2022, the Hon’ble Karnataka High Court set aside the order of the Principal CIT rejecting the declaration filed by the assessee and directed the Principal CIT to consider the declaration filed by the assessee in accordance with law. In view of the aforesaid order, the ld. counsel for the assessee has filed a memo before us seeking to withdraw the appeal with liberty to pursue the matter at appropriate time, depending upon the outcome of the decision of the Principal CIT on the declaration filed by the assessee. The liberty prayed for is granted. The appeal of the assessee is dismissed as withdrawn.