INCOME TAX OFFICER-12(1)(1), , MUMBAI vs. AUTO REPOWERING WORKS (INDIA) PRIVATE LIMITED, MUMBAI

At the outset, the ld.AR has filed application seeking to withdraw the present appeal pursuant to the adopting VSV Scheme. Scanned and reproduced herewith is the withdrawal letter filed by the assessee: “With respect to the above, we would like to state that the department has filed appeal before Your Honour for the A.Υ. 2013-14. In this regard, we would like to state that we filed an application for VSV Scheme, 2024 being Form 1 on 15.01.2025 and received Form 2 on 27.01.2025 from the Pr. CIT with a payable amount of Rs.16.045/-, the same was paid 10.02.2025 as per the directions specified in Form 2. Copy of the challan and Form 2 is enclosed herewith for your ready reference and records. Hence, we humbly request Your Honour to kindly accept the above, so we can proceed with filing of Form 3 of the VSV scheme. Please find the same in order. We shall be glad to provide Your Honour with any further details as you may require in this matter.” 3. It is noted that the assessee received Form 2, pursuant to which, payment is deposited by the assessee under the scheme. Copy of the challan is also annexed herewith. 4. Considering these facts, the appeal is allowed to be withdrawn, with liberty to review the order if circumstance so warrant. Accordingly the grounds raised by the Revenue stands dismissed as infructuous. In the result, appeal filed by the Revenue is dismissed as infructuous.