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Facts
The assessee filed an appeal against the order of the NFAC, which was based on an order passed by the Ld. Income-tax Officer under Section 154 read with Section 143(3) of the Act. The assessee later sought to withdraw the appeal, having obtained Form 2 under the Direct Taxes Vivad Se Vishwas Scheme, 2024.
Held
The Tribunal noted that the assessee's representative presented Form 2 under the Vivad Se Vishwas Scheme and requested to withdraw the appeal. As the Revenue did not object, the Tribunal dismissed the appeal as withdrawn.
Key Issues
Whether the assessee is allowed to withdraw the appeal after submitting Form 2 under the Vivad Se Vishwas Scheme, and if the Revenue has any objection.
Sections Cited
250, 154, 143(3), 92
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Income Tax Appellate Tribunal, MUMBAI BENCH “A”, MUMBAI
Before: SHRI B.R. BASKARAN & SHRI ANIKESH BANERJEE
Instant appeal of the assessee was filed against the order of the National Faceless Appeal Centre (NFAC), Delhi *for brevity, ‘Ld.CIT(A)’) passed under section 250 of the Income-tax Act, 1961 (for brevity, ‘the Act’), date of order 02/11/2023 for A.Y. 2018-19. The impugned order was emanated from the order of the Ld. Income-tax Officer, Ward 23(1)(1), Mumbaipassed under section 154 read with section 143(3) of the Act, date of order 22/02/2023.