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Facts
The assessee filed an appeal against the order of the Addl/JCIT(A)-5, Mumbai, for the Assessment Year 2014-15. The appeal was filed by Shri. Naresh Bhansali against ACIT, Circle - 5(2)(1), Bangalore.
Held
At the time of hearing, the assessee's counsel indicated contemplation of settlement under the VSV Scheme, 2024. Consequently, the Tribunal dismissed the appeal as withdrawn, granting liberty to refile if the issue remains unresolved.
Key Issues
Whether the appeal should be dismissed as withdrawn due to the assessee's intention to settle the issue under the VSV Scheme, 2024.
Sections Cited
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Income Tax Appellate Tribunal, “B” BENCH : BANGALORE
Before: SHRI. LAXMI PRASAD SAHU & SHRI. SOUDARARAJAN K
Per Laxmi Prasad Sahu, Accountant Member :
This appeal filed by the assessee is against the Order passed by the Addl/JCIT(A)-5, Mumbai, vide DIN and Order No.ITBA/APL/S/250/2024- 25/10715183034(1) dated 24.12.2024, for the Assessment Year 2014-15.
At the time of hearing, learned Counsel for the assessee submitted that assessee is contemplating to settle the issue under VSV Scheme, 2024. Considering the request of the assessee, we are dismissing this appeal as withdrawn giving liberty to the assessee to come in appeal before the Tribunal in case the issue is not resolved under VSV Scheme, 2024.
Pronounced in the court on the date mentioned on the caption page.