Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, DELHI BENCH ‘A’: NEW DELHI
ORDER PER G.S.PANNU, VP:
This appeal by the assessee for the assessment year 2016-17 is directed against the order of learned CIT(A)-42, New Delhi dated 31.07.2019.
The learned counsel for the assessee, vide letter dated 31st March, 2021 has requested for withdrawal of the appeal filed by the assessee and stated that Asia Satellite Telecommunications Co. Ltd. Vs. DCIT 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. A certificate to this effect under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020 has also been filed.
Learned Senior DR has no objection.
In view of the above, we accept the request of the assessee for withdrawal of the appeal.
In the result, the appeal of the assessee is dismissed as withdrawn.
Above decision was announced on conclusion of Virtual Hearing in the presence of both the parties on 28th May, 2021.