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Income Tax Appellate Tribunal, DELHI BENCH “D”: NEW DELHI
Before: SHRI R.K. PANDA & SHRI SUDHANSHU SRIVASTAVA
PER R.K. PANDA, AM
These cross appeals, the first one is filed by the assessee and the second one filed by the Revenue and are directed against the order dated 21st January, 2010 by the Ld. CIT(A)-VII, New Delhi for the assessment year 2006-07.
Ld. Counsel for the assessee filed an application stating that assessee has gone under the Direct Tax Vivad se Vishwas Act, 2020 and has received a certificate and From No. 3. He accordingly submitted that since the dispute now stands resolved by the Vivad Se Vishwas Act, 2020 both the appeals have become infructuous. Therefore, the same may be withdrawn with caveat.
In view of the above submission of the Ld. Counsel for the assessee and in absence of any objection from the side of the Ld. DR, the above two appeals filed by the assesse and Revenue respectively are dismissed as “withdrawn”.
However, the aforesaid is subject to a caveat that in case the dispute relating tax arrears for the captioned assessment year is not ultimately resolved in terms of the aforesaid scheme, the assessee shall be at liberty to approach the Tribunal for
reinstitution of the appeals and the Tribunal shall consider such application appropriately as per law. The Revenue has no objection with regard to the aforesaid caveat.
In view of the above, both the appeals filed by the assessee as well as the revenue are dismissed.
Order pronounced in the open court at time of hearing itself i.e. on 15th February, 2021.
sd/- sd/- (SUDHANSHU SRIVASTAVA) (R.K. PANDA) JUDICIAL MEMBER ACCOUNTANT MEMBER
Dated: 15/02/2021 Veena Copy forwarded to 1. Applicant 2. Respondent 3. CIT 4. CIT (A) 5. DR:ITAT ASSISTANT REGISTRAR ITAT, New Delhi