RAJIV KUMAR CHAWLA,DELHI vs. PRCIT(CENTRAL)-19, NEW DELHI

This appeal is filed by the assessee against order dated 23/03/2018 passed by Principal Commissioner of Income Tax, Delhi-19, New Delhi for assessment year 2014-15.

Before us, the assessee has moved an application dated 18/01/2021, where in it is submitted that the assessee has filed Form No. 1 & 2 in the Direct Tax “ Vivad se Vishwash Scheme” (VSV) Act, 2020 and has received Form No. 3 from the Department. The assessee, therefore, seeks to withdraw the appeal to which revenue has no objection.

In view of the aforesaid facts and after considering the submissions of the assessee, we dismiss the appeal of assessee as withdrawn subject to a caveat that in case the dispute relating to tax arrears for the captioned assessment year is not ultimately resolved in terms of the aforesaid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 the same. The appeal of the assessee is dismissed as withdrawn.

In the result, appeal of the assessee is dismissed.