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Facts
The assessee, represented by the Legal Heir of late Mr. V.K.Subramaniam, filed an appeal against the CIT(A) NFAC order. Subsequently, the assessee's Legal Heir submitted a letter to withdraw the appeal, having opted for the Direct Tax Vivad Se Vishwas Scheme, 2024.
Held
The Tribunal noted the withdrawal letter and the assessee's decision to opt for the Vivad Se Vishwas Scheme. Consequently, the appeal was dismissed as withdrawn, with liberty granted to seek revival if the scheme settlement is unsuccessful.
Key Issues
Whether the appeal should be dismissed as withdrawn due to the assessee opting for the Direct Tax Vivad Se Vishwas Scheme.
Sections Cited
250
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Income Tax Appellate Tribunal, ‘B’ BENCH, CHENNAI
Before: SHRI GEORGE GEORGE KAND SHRI S.R. RAGHUNATHA
आदेश /O R D E R
PER GEORGE GEORGE K, VICE PRESIDENT:
This appeal at the instance of Mrs.S.Radhamani Legal Heir of the assessee [late Mr.Veenampalayam Karuppanan Subramaniam] is directed against CIT(A) - NFAC order dated 13.11.2024, passed under section 250 of the Income Tax Act, 1961 (hereinafter called ‘the Act’). The relevant Assessment Year is 2017-18.
- 2 - ITA No.3127//CHNY/2024
At the outset, it is noticed that the ld.AR for the assessee filed letter dated 14.01.2025 of Smt. S.Radhamani, Legal Heir of the assessee late Mr. V.K.Subramaniam, enclosing therewith Form No.2 issued by the PCIT under the VSVS Scheme, 2024 for withdrawal of appeal stating that she has opted for Direct Tax Vivad Se Vishwas Scheme, 2024. In light of the above, we dismiss the appeal on behalf of the assessee as withdrawn. However, liberty is given to the L/H of assessee to seek revival of appeal, in case she remains unsuccessful in settlement of appeal under the scheme.
In the result, the appeal filed on behalf of the assessee is dismissed as withdrawn. Order pronounced in the open court on 25th of February, 2025.