MINDA CAPITAL PVT. LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 13, NEW DELHI

The above appeal by the assessee is preferred against the order of the Commissioner of Income Tax (Appeals)-XXVI, New Delhi dated 09.10.2017 pertaining to Assessment Year 2013-14.

Before us, Learned AR has submitted that the assessee has opted for Vivad Se Vishwas (VSV) and, therefore, it may be M/s. Minda Capital Pvt. Ltd. vs. ACIT A.Y. 2013-14 2 allowed to withdraw the appeal. Learned DR has no objection to the withdrawal.

After considering the request made by the assessee, we dismiss the appeal of assessee as withdrawn subject to a caveat that in case the dispute relating to tax arrears for the captioned assessment year is not ultimately resolved in terms of the aforesaid Act, 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. With these directions the appeal of the assessee is dismissed as withdrawn.