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Facts
The assessee filed appeals against an order passed by NFAC for the assessment years 2013-14 and 2019-20. The assessee had opted for settlement under the 'Vivad Se Vishwas Scheme-2024' and filed an application.
Held
The Tribunal noted that the assessee had opted for settlement under the 'Vivad Se Vishwas Scheme-2024'. Consequently, the appeals were dismissed as withdrawn.
Key Issues
Whether the appeals should be dismissed as withdrawn due to the assessee opting for settlement under the 'Vivad Se Vishwas Scheme-2024'.
Sections Cited
147, 143(3)
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Income Tax Appellate Tribunal, ‘D’ BENCH
आदेश / O R D E R PER AMIT SHUKLA (J.M): The aforesaid appeals have been filed by the assessee against order passed by NFAC dated 04/07/2024 for the quantum of assessment passed u/s.147 & 143(3) respectively for the A.Y.2013-14 & 2019-20.
& 4460/Mum/2024 Shree Mahavir Associates And Dev Land And Housing Ltd.
In the aforesaid appeals the ld. Counsel for the assessee has submitted that assessee has opted for settlement of its tax dispute under the ‘Vivad Se Vishwas Scheme-2024’ and has also filed application before the authorities. Accordingly, appeals of the assessee are dismissed as withdrawn, however, liberty is given to the assessee in case the application for VSVS does not materialize and is not accepted, assessee may file an application for restoration of the appeals. Accordingly, appeals of the assessee are dismissed in limine.
In the result, both the appeals of the assessee are dismissed.
Order pronounced on 29th January, 2025.