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Facts
The appellant filed an appeal against the final assessment order. The assessee opted to settle the dispute under the Direct Tax Vivad se Vishwas Scheme, 2024, filing Form 1 and Form 2.
Held
The Tribunal noted that the assessee had settled the dispute under the Vivad se Vishwas Scheme and sought withdrawal of the appeal. The DR agreed with the withdrawal request.
Key Issues
Whether the appeal can be dismissed as withdrawn due to settlement under the Vivad se Vishwas Scheme.
Sections Cited
143(3), 144C
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Income Tax Appellate Tribunal, “A” BENCH : BANGALORE
Before: SHRI PRASHANT MAHARISHI & SHRI PRAKASH CHAND YADAV
Per Prashant Maharishi, Vice President
This appeal is filed by General Motors Technical Centre India Private Ltd. (the assessee/appellant) against the final assessment order passed u/s. 143(3) r.w.s. 144C of the Income-tax Act, 1961 [the Act] dated 19.10.2017 for the AY 2013-14 pursuant to the directions of the ld. DRP.
At the outset, the ld. AR submitted that assessee has opted to settle the dispute under the Direct Tax Vivad se Vishwas Scheme, 2024 (VSVS) and filed Form 1 dated 30.1.2025. Form 2 dated 22.2.2025 is issued by the designated authority. Copies of Form 1 & Form 2 are filed on record. Accordingly he sought withdrawal of the appeal. The ld. DR agreed.
In view of the above, the appeal is dismissed as withdrawn.
Pronounced in the open court on this 24th day of April, 2025.