VENKATARAMAN GANESH,CHENNAI vs. ACIT,NCC-16(1), CHENNAI

This appeal filed by the assessee is directed against the order of the ld. Commissioner of Income Tax (Appeals) 4, Chennai dated 31.08.2020 relevant to the assessment year 2016-17.

When the appeal was taken up for hearing, by filing Form-5 issued by the designating authority through letter dated 11.04.2022 of the assessee, the ld. Counsel for the assessee has submitted that the assessee has opted to avail the Vivad-se-Vishwas Scheme 2020 and the disputed tax has been settled. Therefore, the ld. Counsel sought for permission to withdraw the appeal filed by the assessee.

The ld. DR has not raised any objection to the submissions of the ld. Counsel.

We have heard both the sides, perused Form-5 issued by the Designated Authority and the disputed tax matter has already been settled by issuing Form-5 by the Designated Authority dated 23.04.2021. Thus, the appeal filed by the assessee is liable to be dismissed. Since the ld. Counsel sought for permission to withdraw the appeal of the assessee, the appeal filed by the assessee is dismissed as withdrawn.

In the result, the appeal filed by the assessee is dismissed. Order pronounced on 31st May, 2022 at Chennai.