FAREHA FAISAL ,MORADABAD vs. ITO - 2(1), MORADABAD

This appeal by the assessee for the assessment year 2015-16 is directed against the order of learned CIT(A), Moradabad dated 7.6.2019 .

In the captioned appeal, the assessee has informed vide letter dated 18.08.2020 (received through e-mail dated 21.08.2020) that the assessee has opted to settle the dispute relating to the tax arrears for the assessment year ITA 6375/Del/2019 Assessment year 2015-16 under consideration under The Direct Tax Vivad se Vishwas Act, 2020, and wishes to withdraw the appeal.

Considering the aforesaid situation, the captioned appeal is consigned to records and treated as dismissed.

However, the aforesaid is 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 aforestated Act, the appellant (i.e., 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. The respondent (i.e., the Revenue) has no objection with regard to the aforesaid caveat.

In view of the aforesaid, the appeal is consigned to record and, for statistical purposes, is treated as dismissed.