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Income Tax Appellate Tribunal, DELHI BENCH ‘SMC-1’ : NEW DELHI
Before: SHRI R.K. PANDA & SHRI KULDIP SINGH
Date of Hearing : 04.03.2021 Date of Order : 04.03.2021
O R D E R PER KULDIP SINGH, JUDICIAL MEMBER : Appellant, Naresh Kumar Kubba HUF (hereinafter referred to as ‘the assessee’), by filing the present appeals, sought to set aside the impugned orders both dated 22.11.2018 passed by the Commissioner of Income-tax (Appeals)-16, New Delhi qua the assessment years 2009-10 & 2010-11. withdrawal of the appeals on the ground that the assessee has opted to settle the dispute relating to the tax arrears for the assessment years under consideration under the “Vivad Se Vishwas Scheme, 2020” and has filed necessary Forms 1 & 2 with the Tax Department, which was accepted and processed vide Form 3 issued by the Tax Department.
Keeping in view the aforesaid facts, present appeals are hereby dismissed with liberty to get it restored by the assessee in case dispute is not settled as per scheme. The Revenue has no objection with regard to the aforesaid caveat. Consequently, the present appeals are dismissed. Order pronounced in open court on this 4th day of March, 2021 after the conclusion of the virtual hearing.