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Facts
The assessee filed an appeal against an order by the NFAC for AY 2009-10. During the hearing, the assessee's AR submitted that the assessee wishes to withdraw the appeal as the dispute has been settled under the Vivad se Vishwas Scheme.
Held
The tribunal noted that the assessee had settled the dispute under the Vivad se Vishwas Scheme and the revenue raised no objection to the withdrawal. Consequently, the appeal was dismissed.
Key Issues
Whether the appeal can be withdrawn and dismissed on account of settlement of the dispute under the Vivad se Vishwas Scheme.
Sections Cited
143(3), 147, 5(2), 6
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Income Tax Appellate Tribunal, SMC, BENCH, BANGALORE
Before: SHRI WASEEM AHMED & SHRI KESHAV DUBEY
PER WASEEM AHMED, ACCOUNTANT MEMBER:
This is an appeal filed by the assessee against the order passed by the NFAC, Delhi dated 30/01/2025 vide DIN No. ITBA/NFAC/250/ 2024-25/1072721771(1) for the assessment year 2009-10.
At the outset, we find that the ld. AR submitted that the assessee wishes to withdraw the appeal filed by it as it has settled the dispute under DTVSV. To this effect, letter written by the assessee stands as under:
At the time of hearing the ld. DR also raised no objection on the submission filed by the assessee. In view of the above, the appeal filed by the assessee is hereby dismissed on account of settlement of the dispute under VSVS 2020.
In the result, the appeal of the assessee is hereby dismissed.