SHREE SIDHBALI ISPAT LTD,NEW DELHI vs. ACIT, CIRCLE-23(1), NEW DELHI

This appeal is filed by the assessee against the order dated 10/09/2018 passed by CIT(A)-8 New Delhi for assessment year 2010-11.

Before us, the Ld. AR submitted that the assessee has moved an application dated 22nd September, 2021 to resolve the pending issue through Direct Tax “Vivad se Vishwash Scheme” (VSV) Act, 2020, and has filed Declaration Form No. 1 & 2 and Form No. 3 is also received.

In view of the aforesaid facts and after considering the submissions of the assessee, we dismiss the appeal of Revenue subject to a caveat that in case the dispute relating to tax arrears for the captioned assessment year is not ultimately resolved in terms of the aforesaid Act, the assessee shall be at liberty to approach the Tribunal for reinstitution of the appeal and the Tribunal shall consider the same. The appeal of the Revenue is dismissed.