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Income Tax Appellate Tribunal, DELHI BENCH: ‘C’ NEW DELHI
Before: SHRI AMIT SHUKLA & SHRI O.P. KANT
ORDER PER AMIT SHUKLA, JM:
These appeals by the Revenue and the assessee for the assessment year 1999-2000 are directed against the order of the learned Commissioner of Income Tax (A)-22, New Delhi, dated 14.06.2017.
At the outset, the assessee, vide its letter dated 04.01.2021, has requested for withdrawal of the appeal as the assessee has opted to settle the dispute relating to the tax arrears for the assessment year under consideration, under the “Vivad Se Vishwas Scheme, 2020” and has applied Form Nos. 1 and 2 for the same before the designated authority.
However, it is submitted by the applicant that the aforesaid be subjected to a caveat that in case the dispute relating to tax arrears for the assessment year under consideration is not ultimately resolved in terms of the aforestated Scheme, the parties shall be at liberty to approach the Tribunal for reinstitution of the appeals and the Tribunal shall consider such application appropriately as per law. As the learned DR has no objection with regard to the aforesaid caveat, accordingly, we hold so. 4. In view of the aforesaid, the captioned appeals of the Revenue as well as assessee are dismissed as withdrawn. Order pronounced in the open court on 5th January, 2021.