DYNAPAC ROAD CONSTRUCTION EQUIPMENT (INDIA) PRIVATE LIMITED,PUNE vs. ASSESSMENT UNIT, INCOME TAX DEPARTMENT, ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 8, PUNE

Facts

The assessee filed an appeal against a final assessment order. During the hearing, the assessee sought to withdraw the appeal, having opted for the Direct Tax Vivad Se Vishwas Scheme, 2024.

Held

The Tribunal granted the assessee's request to withdraw the appeal, with liberty to revive it if the Vivad Se Vishwas Scheme certificate is not issued. Consequently, the appeal was dismissed as withdrawn.

Key Issues

Whether the assessee can withdraw the appeal in light of opting for the Direct Tax Vivad Se Vishwas Scheme, 2024.