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Income Tax Appellate Tribunal, DELHI BENCH “SMC-1”: NEW DELHI
Before: SHR BHAVNESH SAINI & SHRI PRASHANT MAHARISHI
O R D E R PER PRASHANT MAHARISHI, A. M.
This appeal is filed by the assessee against the order of the ld. Commissioner of Income Tax (Appeals)-13, New Delhi, dated 17.08.2018 under Section 271(1)(c) of the Income Tax Act, 1961 (the Act) for the Assessment Year 2013-14.
At the time of hearing the assessee submitted a letter dated 01.02.2021 withdrawing the present appeal. It is further stated in the letter that the assessee’s quantum appeal bearing (Del) of 2018 pertaining to Assessment Year 2013-14 is pending before the Tribunal and assessee has filed Form Nos. 1 and 2 under Vivad Se Vishwas Scheme, 2020 to settle the tax dispute in ITA 6409 (Del) of 2018. Form No. 3 has also been received by the company, hence penalty is ought to be waived off in the present appeal. 3. In view of the above facts and after the consent of the ld. DR the above appeal is treated as withdrawn. Page | 1
In the result, the appeal of the assessee is dismissed as withdrawn.
Order pronounced in the open court on 03/02/2021.