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Income Tax Appellate Tribunal, DELHI BENCH ‘G’ : NEW DELHI
Before: SHRI N.K. BILLAIYA & SHRI AMIT SHUKLA
Aforesaid appeal has been filed by the assessee against the impugned order dated 09.08.2016 passed by the ld. CIT(A), Faridabad for the quantum of assessment passed under section 143(3) of the Income-tax Act, 1961 (for short ‘the Act’) for the assessment year 2013-14.
Ld. Counsel for the assessee filed an application dated 22.11.2021 seeking withdrawal of the appeal on the ground that the assessee has opted to settle the dispute relating to the tax arrears for the assessment year under consideration under the “Vivad Se Vishwas Scheme, 2020” and has filed Form 5 duly approved by the Designated Authority on 23.07.2020.
Keeping in view the aforesaid facts, present appeal is hereby dismissed with liberty to get it restored by the assessee in case dispute is not settled as per scheme. The Revenue has no objection with regard to the aforesaid caveat. Consequently, the present appeal is dismissed.
Order pronounced in open court on this 13th day of December, 2021.