LOKHOTIA MONEY AND STOCK BROKERS LTD.,NEW DELHI vs. PR. CIT- 5, NEW DELHI

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ITA 2868/DEL/2016Status: DisposedITAT Delhi25 November 2021AY 2009-102 pages
AI SummaryWithdrawn

What did the Tribunal hold?

The tribunal accepted the assessee's request for withdrawal of the appeal. The appeal was dismissed as withdrawn.

What were the facts?

The assessee filed an appeal for assessment year 2009-10. The assessee subsequently requested withdrawal of the appeal.

What were the issues?

Whether the appeal should be withdrawn due to opting for the Vivad Se Vishwas Scheme.

Which sections of the Income-tax Act were involved?

Section 5(1)

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, DELHI “C” BENCH: NEW DELHI

Before: SHRI G.S.PANNU & SHRI KUL BHARAT

For Appellant: Shri Amarbir Singh Walia, CA
For Respondent: Shri Vinay Kumar Karan, CIT DR
Hearing: 25.11.2021Pronounced: 25.11.2021

ORDER PER KUL BHARAT, JM :

This appeal filed by the assessee for the assessment year 2009-10 is directed against the order of Ld. Pr. CIT, New Delhi dated 31.03.2016.

2.

The Ld. Counsel for the assessee, vide its letter dated 24.11.2021, received through email, has requested for withdrawal of the appeal filed by him and stated 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”. A certificate to this effect under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020 has also been filed.

3.

Learned CIT DR has no objection.

4.

In view of the above, we accept the request of the assessee for withdrawal of the appeal.

5.

In the result, the appeal of the assessee is dismissed as withdrawn.

Order pronounced in the open Court on 25th November, 2021.

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