RAMESH KUMAR SUNEJA,DELHI vs. ACIT, CIRCLE-47(1), NEW DELHI

None appeared on behalf of the assessee, at the time of hearing. However, an application seeking permission to withdraw the appeal has been filed on the ground that the assessee has opted for Vivad Se Vishwas scheme 2020 and has already filed Form No. 1 & 2 as prescribed under the scheme. Further the assessee has been issued Form 3 under the said scheme.

Considering the aforesaid situation, the captioned appeal is consigned to record and treated as dismissed. However, the aforesaid is subject to a caveat that in case the dispute relating tax arrears for the captioned assessment year is not ultimately resolved in terms of the aforesaid scheme, the assessee shall be at liberty to approach the Tribunal for reinstitution of the appeal and the Tribunal shall consider such application appropriately as per law. The Revenue has no objection with regard to the aforesaid caveat.

In view of the aforesaid, the appeal of the assessee is consigned to record and for statistical purposes is treated as dismissed.

The above decision was announced in the presence of both the sides and on conclusion of Virtual Hearing on 6th January, 2021.