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Facts
The Revenue filed an appeal for Assessment Year 2019-20. The assessee had opted for the Direct Tax Vivad-se-Vishwas Scheme, 2024, and submitted the necessary forms.
Held
The Tribunal allowed the assessee's request to withdraw the appeal as it had opted for the Direct Tax Vivad-se-Vishwas Scheme. The appeal was dismissed as withdrawn.
Key Issues
Whether the appeal should be withdrawn by the Revenue upon assessee opting for the Direct Tax Vivad-se-Vishwas Scheme.
Sections Cited
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Income Tax Appellate Tribunal, ‘A’ BENCH: CHENNAI
Before: SHRI ABY T. VARKEY & SHRI JAGADISH
आदेश / O R D E R
PER JAGADISH, A.M : Aforesaid appeal filed by the Revenue for Assessment Year (AY) 2019-20 arising out of the order of Learned Commissioner of Income Tax, Appeal, Addl/JCIT(A)-2, Noida dated 29.03.2024.
The Ld. Authorized Representative (A.R) of the assessee, at the outset stated that assessee has opted for Direct Tax Vivad-se-Vishwas
ITA No.2714/Chny/2024 :- 2 -:
Scheme, 2024 and therefore, wants to withdraw the appeal. The Ld.
A.R has submitted a copy of Form-1 filed by the assessee and Form-2 issued by the designated authority in support of its contention.
We have heard both the sides, and perused the materials available on record. In this case, the assessee has opted for the Direct Tax Vivad-se-Vishwas Scheme, 2024 by filing Form-1. The Designated Authority has also issued Form No.2 for the settlement of pending tax dispute. The Ld. AR has now made a request to withdraw the appeal. We allow the assessee to withdraw the appeal and dismiss the appeal as withdrawn. However, it is open to the assessee to approach the Tribunal by filing an appropriate application in the event of any prejudice caused in respect of the settlement of tax dispute under the Direct Tax Vivad-se-Vishwas Scheme, 2024.
In the result, the appeal filed by the Revenue is dismissed as withdrawn. Order pronounced on 24th February, 2025.