RELIGARE CAPITAL MARKETS LTD.,NEW DELHI vs. DCIT, CIRCLE-21(1), NEW DELHI

This appeal filed by the assessee is directed against the order of the Deputy Commissioner of Income Tax, Circle-21(1), New Delhi u/s 144C(1) of the Act pursuant to the direction of Deputy Resolution Panel (DRP) New Delhi order dated 27.07.2018 for Assessment Year 2014-15.

Before us, assessee has moved an application dated 30.01.2021 wherein the assessee has stated that it has opted for 2 Vivad Se Vishwas (VSV) 2020 and has filed the declaration (Form- 1) and undertaking (Form-2) Scheme and Designated Authority is yet to issue certificate in Form-3.

After considering the request made by the assessee, we dismiss the appeal of assessee as withdrawn subject to a caveat that in case the dispute relating to tax arrears for the captioned assessment year is not ultimately resolved in terms of the aforesaid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 assessee shall be at liberty to approach the Tribunal for reinstitution of the appeal and the Tribunal shall consider such application appropriately as per law. With these directions the appeal of the assessee is dismissed as withdrawn.