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Income Tax Appellate Tribunal, DELHI BENCH ‘C’: NEW DELHI
ORDER PER G.S.PANNU, VP: This appeal by the assessee for the assessment year 2011-12 is directed against the order of learned CIT(A)-36, New Delhi dated 01.02.2017.
The learned counsel for the assessee, vide email dated 28.12.2020 has requested for withdrawal of the appeal filed by the assessee and stated that the assessee has opted to settle the dispute relating to the tax arrears for the M/s. Prayas Gems & Jewellers (Pvt.) Ltd. Vs. ACIT assessment year under consideration under the Vivad Se Vishwas Scheme, 2020. A certificate to this effect under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020 has also been filed.
Learned Senior DR has no objection.
In view of the above, we accept the request of the assessee for withdrawal of the appeal.
In the result, the appeal of the assessee is dismissed as withdrawn.
Above decision was announced in the presence of both the sides on conclusion of Virtual Hearing on 31st December, 2020.