DCIT, NAJIBABAD vs. M/S. DHARA MOTOR FINANCE LTD., BIJNOR

This appeal filed by the Revenue is directed against the order dated 14.05.2015 of the PCIT (OSD)/(A), Moradabad, relating to the assessment year 2012-13.

The ld. Counsel for the assessee filed an application seeking withdrawal of the appeal by the Revenue on the ground that 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 assessee has also obtained Form No.3 and has paid the disputed tax. The assessee also filed the challan evidencing payment of tax for Rs.43,82,941/-. It is accordingly requested in the application that the Revenue may be directed to withdraw its appeal.

We have heard both the parties. The assessee in the instant case has opted for settlement of the tax dispute under the Vivad Se Vishwas Scheme Scheme, 2020. It has already paid the disputed taxes after obtaining Form 3. Copy of challan is placed on record. Under these circumstances the appeal filed by the Revenue is treated as withdrawn. However, in future if the Revenue finds any infirmity, it is at liberty to move application for restoration of the appeal and the Tribunal shall consider the same as per law.

In the result, the appeal filed by the Revenue is dismissed as “withdrawn.”