MODI INDUSTRIES LTD.,MODI NAGAR vs. ACIT, CENTRAL CIRCLE- 19 (NOW 31), NEW DELHI
In favour of the Revenue: the assessee's appeal was dismissed. From the AI summary of this appeal.
What did the Tribunal hold?
The assessee requested withdrawal of the appeals as they had opted to settle the tax arrears under the Vivad Se Vishwas Scheme, 2020. The Tribunal accepted this request.
What were the facts?
The assessee filed appeals against an order of the CIT(A) for AY 2008-09 and 2009-10. The assessee subsequently requested to withdraw these appeals.
What were the issues?
The primary issue was the assessee's request to withdraw appeals due to opting for the Vivad Se Vishwas Scheme.
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, DELHI BENCH “E” NEW DELHI
Before: SHRI AMIT SHUKLA & SHRI O.P. KANT
O R D E R PER BENCH The aforesaid appeals have been filed by the assessee against the common impugned order dated 21.09.2017, passed by Ld. Commissioner of Income Tax (Appeals)-XXX, New Delhi for the Assessment Years 2008-09 and 2009-10.
The ld. counsel for the assessee, vide its letter dated 01.03.2021, has requested for withdrawal of the appeals filed by him and stated 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.
Ld. Senior DR has no objection.
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