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Facts
Assessees in the captioned appeals filed requests for withdrawal of their appeals on the ground that they have settled their tax disputes under the Vivad Se Vishwas Scheme, 2024, and have received Form 2 from the competent authority.
Held
The Tribunal noted that the assessees had settled the disputes under the Vivad Se Vishwas Scheme, 2024, and had filed letters for withdrawal of appeals. Accordingly, the appeals were dismissed as withdrawn.
Key Issues
Whether the appeals can be dismissed as withdrawn when the assessee has settled the tax dispute under the Vivad Se Vishwas Scheme, 2024.
Sections Cited
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Income Tax Appellate Tribunal, Hyderabad ‘B’ Bench, Hyderabad
Before: Shri Laliet Kumar & Shri Manjunatha G.
आ.अपी.सं /ITA No.27/Hyd/2012 (निर्धारण वर्ा/Assessment Year: 2008-09) M/s Tech Mahindra Asst.DIT (International Limited Taxation)-II (Satyam Computer Hyderabad Services Limited, now merged with Tech Mahindra Ltd.) Hyderabad [PAN : AACCS8639Q] (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee by: Shri A.V.Raghuram, AR रधजस् व द्वधरध/Revenue by: Ms.M.Narmada, CIT-DR सुिवधई की तधरीख/Date of hearing: 21/01/2025 घोर्णध की तधरीख/Date of 21/01/2025 Pronouncement: आदेश / ORDER PER. MANJUNATHA G., A.M: In the above captioned appeals, assessees vide letters of even date submitted a request for withdrawal of appeals on the ground that the assessee has settled the tax dispute under Vivad
3 Sri Ganapathi Agro Industries and Others Se Vishwas Scheme, 2024 and claimed that the competent authority has issued Form 2 under the Scheme. The learned counsels for the assessees further submitted that the appeal filed by the assessee may be dismissed with a liberty to reinstate the appeal, in case, for any reason, the application filed by the assessee under Vivad Se Vishwas Scheme, 2024 is rejected by the competent authority.
The Ld.DR present for the revenue did not raise any objection for withdrawal of the appeals filed by the assessees.
We have heard both the parties and considered the relevant applications filed by the assessees for withdrawal of the appeals. We find that the assessees have filed applications under Vivad Se Vishwas Scheme, 2024 and the competent authority has issued Form 2 and determined the total tax payable under the Direct Tax Vivad Se Vishwas Scheme, 2024. Since the assessees have settled the disputes under the Vivad Se Vishwas Scheme, 2024 and also filed letters for withdrawal of the appeals, we dismiss the appeals filed by the assessee as withdrawn. We have also given liberty to the assessees to file an application for reinstatement of appeal, in case for any reason, the application filed by the assessee under Vivad Se Vishwas Scheme, 2024 is rejected.
4 Sri Ganapathi Agro Industries and Others
In the result, appeals filed by the assessee are dismissed.
Order pronounced in the Open Court on 21st January, 2025.