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Income Tax Appellate Tribunal, DELHI BENCH: ‘B’ NEW DELHI
Before: SHRI O.P. KANT & MS. SUCHITRA KAMBLE
Date of hearing 08/11/2021 Date of pronouncement 08/11/2021 ORDER PER O.P. KANT, AM:
This appeal by the appellant- assessee, i.e., M/s. Space Power Controls Pvt. Ltd., (Now merged with M/s. NKA Financial Services Private Ltd.) is directed against the order of learned Commissioner of Income Tax (Appeals)-XII, New Delhi, dated 11/03/2010 passed for assessment year 2006-07. 2. We have heard learned Representatives of both the parties.
At outset, the leaned counsel for the assessee submitted that the assessee, i.e., M/s. Space Power Controls Pvt. Ltd. now merged with M/s. NKA Financial Services Private Ltd. 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 the Revised Form No. 3 is awaited. The learned counsel, therefore, seeks permission to withdraw the appeal.
In view of the aforesaid, the appeal of the assessee is dismissed as withdrawn. Order pronounced in the open court.