LM WIND POWER BLADES (INDIA) PRIVATE LIMITED,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-4(1)(1), BANGALORE

This appeal at the instance of the assessee is directed against the order of the ld. AO dated 15.4.2021 for the AY 2016-17.

The assessee has raised 11 grounds of appeal.

At the outset, the ld. A.R. for the assessee drawn our attention to a letter dated 5.3.2025 wherein it is submitted that the assessee had opted to settle the case of quantum assessment under VSVS, 2024 and accordingly filed the Form 1 DTVSV 2024 for the settlement of the disputes under the Direct Tax Vivad se Vishwas, 2024 and the ld. Principal CIT, Bangalore-2 had issued the Form-2 dated

Ld. D.R. on the other hand has no objection for the request of withdraw of the appeal made by the assessee as the assessee has opted for DTVSV 2024.

We have heard the rival submissions and perused the materials available on record. As per the provisions of section 91(2) of the DTVSV Scheme, 2024, any appeal pending before the ITAT or CIT(A) in respect of disputed interest or disputed penalty or disputed fee or tax arrears shall be deemed to have been withdrawn upon the issuance of certificate u/s 92(1) of the DTVSV Scheme, 2024.