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Income Tax Appellate Tribunal, DELHI “G” BENCH: NEW DELHI
Before: SHRI C. N. PRASAD & SHRI PRADIP KUMAR KEDIA
ORDER PER C. N. PRASAD, JM :
This appeal is filed by the assessee against order dated 29.08.2017 passed by ACIT, Circle-25(1), New Delhi for assessment year 2015-16.
Before us, the Ld. AR submitted that the assessee has moved an application to resolve the pending issue through Direct Tax “Vivad se Vishwas Scheme” (VSV) Act, 2020, and has filed Declaration Form No. 1 & 2 and received Form No. 3 dated 29/01/2021 and also received From No. 4 dated 14/12/2021.
In view of the aforesaid facts and after considering the submissions of the assessee, we dismiss the appeal of assessee as withdrawn subject to a caveat that in case the dispute relating to tax arrears for the captioned assessment year is not ultimately resolved in terms of the aforesaid Act, the assessee shall be at liberty to approach the Tribunal for reinstitution of the appeal and the Tribunal shall consider the same. The appeal of the assessee is dismissed as withdrawn.
In the result, the appeal of the assessee is dismissed. Above decision was pronounced on conclusion of Virtual Hearing in the presence of both the parties on 20th December, 2021.