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Facts
The assessee filed an appeal challenging an order from the Commissioner of Income Tax (Appeals) for the assessment year 2014-15. Subsequently, the assessee filed an application to withdraw the appeal, having opted for the Direct Tax Vivad Se Vishwas Scheme, 2024. The assessee confirmed payment of the determined tax liability as evidenced by Form No. 2 and a challan.
Held
The Tribunal considered the assessee's application to withdraw the appeal. Given that the assessee opted for the Direct Tax Vivad Se Vishwas Scheme, 2024, and had already paid the tax liability, the Tribunal allowed the withdrawal. Consequently, the appeal was dismissed as withdrawn.
Key Issues
Whether an appeal can be withdrawn by the assessee after opting for the Direct Tax Vivad Se Vishwas Scheme and paying the determined tax liability.
Sections Cited
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Income Tax Appellate Tribunal, MUMBAI BENCH “B”, MUMBAI
Before: JUSTICE (RETD.) C.V. BHADANG & SHRI AMARJIT SINGH
PER JUSTICE (RETD.) C.V. BHADANG, PRESIDENT :
This appeal is filed by the assessee challenging the order dated 06.11.2024 passed by the learned Commissioner of Income Tax (Appeals), Pune-11. The appeal pertains to assessment year 2014-15.
The appellant-assessee has filed an application dated 07.02.2025 seeking permission to withdraw the appeal as the appellant has opted for Direct Tax Vivad Se Vishwas Scheme, 2024. It is stated that the appellant was issued Form no. 2 determining the tax liability which has been paid by the appellant vide challan dated 13.01.2025. The appellant has enclosed copy of Form nos. 1 & 2 alongwith copy of the challan with his application.
Order pronounced in the open court on 12/02/2025.