DCIT, NEW DELHI vs. M/S. EDAG ENGINEERING & DESIGN (INDIA) PVT. LTD., NEW DELHI

The learned counsel for the assessee, vide its letter dated 28.01.2021, received through email, has 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”. A certificate to this effect under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020 has also been filed. It is, therefore, requested that the present appeal of the Revenue should be considered as withdrawn.

Learned Senior DR has no objection. It is, however, submitted by ld. DR that the standing instructions are that it is only if the assessee makes payment subsequent to the processing of the case under Vivad Se Vishwas Tak Scheme,2020, the Revenue will seek withdrawal of the case. In view of this, we make it clear that in case any objection arises in assessee making any payment subsequent thereto, the Revenue shall be at liberty to approach the Court.

In view of the above, we accept the request of the assessee for withdrawal of the appeal.

In the result, the appeal of the Revenue is dismissed as withdrawn.