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Facts
The Revenue filed appeals against the orders of the CIT(A) for AY 2012-13 and 2013-14. The assessee opted for the Vivad-Se-Vishwas Scheme, 2024, and paid the settlement amounts. The assessee then expressed a desire to withdraw the appeals.
Held
The Tribunal allowed the assessee's request to withdraw the appeals, as the Revenue did not object to the proposal. Consequently, the appeals were dismissed as withdrawn under the VSVS-2024 scheme.
Key Issues
Whether the appeals can be dismissed as withdrawn pursuant to the assessee opting for the Vivad-Se-Vishwas Scheme, 2024.
Sections Cited
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Income Tax Appellate Tribunal, ‘D’ BENCH: CHENNAI
Before: SHRI ABY T. VARKEY & SHRI JAGADISH
आदेश / O R D E R PER ABY T. VARKEY, JM: These are appeals preferred by the Revenue against the order of the Learned Commissioner of Income Tax (Appeals)-6, (hereinafter referred to as ‘Ld.CIT (A)‘), Chennai, both dated 15.03.2018 for the Assessment Years (hereinafter referred to as ‘AY‘) 2012-13 & 2013-14.
At the outset, the Ld.AR of the assessee brought to our notice that assessee has opted for Vivad-Se-Vishwas Scheme, 2024 (hereinafter in short ‘VSVS-2024’) and pursuant to it, assessee has filed Form-1 both & 1703/Chny/2018 (AYs 2012-13 & 2013-14) M/s. GAVS Technology Pvt. Ltd. :: 2 ::
dated 29.11.2024, and pursuant to which the designated authority [PCIT] has issued Form-2, dated 12.02.2025, copies of which are filed before us. And that the assessee is remitting of Rs.2,72,60,279/- for AY 2012- 13 & Rs.1,53,36,280/- for AY 2013-14 to settle the issue under VSVS- 2024. Therefore, before us, the assessee expressed its desire to withdraw the appeals and the Revenue doesn’t object to such a proposal.
Therefore, we allow the request of the assessee to withdraw the appeals.
In the light of the aforesaid discussion, appeals stand dismissed as withdrawn.
In the result, appeals filed by the Revenue are dismissed as withdrawn under VSVS-2024.
Order pronounced on the 07th day of March, 2025, in Chennai.