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Income Tax Appellate Tribunal, DELHI BENCH: ‘F’ NEW DELHI
Before: SHRI KUL BHARAT & SHRI O.P. KANT
Date of hearing 07.10.2021 Date of pronouncement 07.10.2021 ORDER PER O.P. KANT, AM:
This appeal by the assessee is directed against the order of learned Commissioner of Income Tax (Appeals)-7, New Delhi, dated 02.04.2018 passed for assessment year 2014-15. 2. We have heard learned Representatives of both the parties through Video Conferencing. 3. The learned counsel for the assessee, vide his letter dated 5th October, 2021, has requested for withdrawal of the appeal as 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”. The Form No.3 has been received by the assessee, which is placed on record. The learned counsel, therefore, seeks permission to withdraw the appeal.
In view of the aforesaid, the appeal of the assessee is dismissed as withdrawn subject to a caveat that in case the dispute relating to tax arrears for the assessment year under consideration is not ultimately resolved in terms of the aforestated Scheme, the appellant shall be at liberty to approach the Tribunal for reinstitution of the appeal and the Tribunal shall consider such application appropriately as per law. Order pronounced in the open court.