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Income Tax Appellate Tribunal, ‘B’ BENCH, KOLKATA
Before: Shri Manish Borad & Shri Sonjoy Sarma
Per Manish Borad, Accountant Member:- The present appeal is directed at the instance of assessee against the order of ld. Commissioner of Income Tax (Appeals)-1, Kolkata dated 08.10.2018 passed for the assessment year 2012-13.
Shri K.K. Poddar, ld. Authorized Representative of the assessee- company has moved an application dated 08.08 seeking the permission of the Bench to withdraw this appeal and pleaded that the assessee has resolved the issue in dispute with the Revenue under Vivad Se Viswas Scheme. For buttressing this plea, the assessee has filed a copy of Declaration in Form No. 5 which is being placed on record.
Assessment Year : 2012-2013 Lahliwala Steels Pvt. Limited
Ld. D.R. has raised no objection if the instant appeal is dismissed as withdrawn by the assessee.
We have perused the relevant material placed before us. We find that the assessee has opted for Vivad Se Vishwas Scheme, 2020 to resolve the dispute with the Revenue. Tax payable as per the Vivad Se Vishwas Scheme, 2020 has been duly paid and the Income Tax Department has issued Form No. 5, which is an order for full and final settlement of tax arrear under section 5(2) read with section 6 of the Direct Tax Vivad Se Vishwas Act, 2020 (3 of 2020) on 4th July, 2020. Under these given facts and circumstances, the assessee’s application to withdraw the instant appeal is allowed and the appeal is dismissed as withdrawn.