ITO WARD-2(5), NOIDA vs. VIKRAM AGARWAL, NOIDA

This appeal by the Revenue for the assessment year 2010-11 is directed against the order of learned CIT(A)-1, Noida dated 29.11.2018.

The learned counsel for the assessee, vide its letter dated 30.12.2020, has stated that the assessee has opted to settle the dispute relating to the tax arrears for the assessment year under consideration under the “Vivad Se Vishwas Scheme, 2020”. The assessee requested that the Departmental appeal which is being settled under the above Act be treated as withdrawn subject to no objection by the Department.

Considering the aforesaid situation, the captioned appeal is consigned to records and treated as dismissed.

However, the aforesaid is subject to a caveat that in case the dispute relating to tax arrears for the captioned assessment year is not ultimately resolved in terms of the aforestated Act, the appellant (i.e., the assessee) shall be at liberty to approach the Tribunal for reinstitution of the appeal and the Tribunal shall consider such application appropriately as per law. The respondent (i.e., the Revenue) has no objection with regard to the aforesaid caveat, and accordingly we hold so.

In the result, the appeal of the Revenue is dismissed as withdrawn.