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Income Tax Appellate Tribunal, DELHI “C” BENCH: NEW DELHI
Before: SHRI G.S. PANNU & SHRI K.N.CHARY
PER G.S. PANNU, VP : These appeals by the Revenue and the assessee for the assessment years 2008-09 to 2012-13 are directed against the orders of learned CIT(A), New Delhi.
The assessee, vide its letter dated 31.12.2020, received through email, has requested for withdrawal of the captioned appeals as the assessee has opted to settle the dispute relating to the tax arrears for the assessment years under consideration under the ”Vivad Se Vishwas Scheme, 2020”.
However, it is also submitted by the applicant that the aforesaid be subjected to a caveat that in case the dispute relating to tax arrears for the captioned assessment years is not ultimately resolved in terms of the aforestated Act, 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 Ld.DR has no objection with regard to the aforesaid caveat, accordingly, we hold so.
In view of the aforesaid, the captioned appeals of the Revenue as well as assessee are consigned to record and, are treated as dismissed.
Above decision was announced on conclusion of Virtual Hearing in the presence of both parties on 31st December, 2020.