DCIT, CIRCLE-21(1), NEW DELHI vs. RECEIVABLE MANAGEMENT SERVICES INDIA PVT. LTD., NEW DELHI

This appeal is filed by the Revenue against order dated 29.06.2018 passed by CIT(A)-44, New Delhi For Assessment Year 2012-13.

Before us, the Ld. AR submitted that the assessee has moved an application to resolve the pending issue through Direct Tax “Vivad se Vishwash Scheme” (VSV) Act, 2020, and has filed Declaration Form No. 1 & 2.

In view of the aforesaid facts and after considering the submissions of the assessee, we dismiss the appeal of revenue subject to a caveat that in case the dispute relating to tax arrears for the captioned assessment year is not ultimately resolved in terms of the aforesaid Act, the Revenue shall be at liberty to approach the Tribunal for reinstitution of the appeal and the Tribunal shall consider the same. The appeal of the Revenue is dismissed.

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