GX TECHNOLOGY EAME LTD.,GURGAON vs. DCIT, CIRCLE- 1, DEHRADUN

At the time of hearing, learned AR of the assessee stated at Bar that the assessee had opted for Vivad Se Vishwas Scheme, 2020 to settle the dispute arising from the assessment order and involved in the present appeal. Learned AR has also referred to the application dated 22.11.2021 filed by the assessee for withdrawal of the present appeal in pursuance to opting for Vivad Se Vishwas Scheme, 2020. Thus, the ld. AR has pleaded that the present appeal of the assessee may be allowed to be withdrawn.

On the other hand, learned DR has no objection and accepted the fact that the assessee had already opted for Vivad Se Vishwas Scheme and paid requisite taxes as determined under the Vivad Se Vishwas Scheme.

Accordingly in the facts and circumstances of the case, when the assessee has opted for Vivad Se Vishwas Scheme to settle its tax disputes for the year under consideration and the designated authority has issued Form No.5 dated 30.01.2021, thereby acknowledging full and final settlement of tax amount as determined under the Vivad Se Vishwas Scheme, 2020, hence, the present appeal of the assessee is allowed to be withdrawn and is liable to be dismissed.