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Income Tax Appellate Tribunal, DELHI BENCHES “SMC-2” : DELHI
Before: SHRI BHAVNESH SAINI & SHRI O.P. KANT
ORDER PER BHAVNESH SAINI, J.M.
This appeal by Assessee has been directed against the Order of the Ld. CIT(A)-38, New Delhi, Dated 18.03.2019, for the A.Y. 2010-2011.
In the present appeal, the assessee challenged the initiation of re-assessment proceedings under section 147 of the I.T. Act, 1961 and addition of Rs.13,75,489/-.
2 ITA.No.4531/Del./2019 Shri Kamal Talreja, Delhi. 3. We have heard the Learned Representatives of both the parties through video conferencing.
The assessee has placed on record letter dated 05.08.2020 submitting therein that assessee has filed Form Nos.1 and 2 under the Direct Tax VIVAD SE VISHWAS Scheme with respect to the present appeal and Form No.3 is awaited. It is, therefore, submitted that once Form No.3 is issued, assessee would be withdraw the present appeal.
4.1. Learned Counsel for the Assessee submitted that the present appeal could be disposed of in terms of the above statement, to which, the Ld. D.R. has no objection.
In view of the above facts and submission of the assessee, it is clear that assessee availed the benefit of Direct Tax VIVAD SE VISHWAS Scheme in respect of the present appeal and Form No.3 is likely to be issued for disposal of the appeal as per Rule. In view of the above, we dispose of the appeal of the assessee, subject to issue of Form No.3 in favour of the assessee. Appeal of the assessee stands disposed of in terms indicated above
3 ITA.No.4531/Del./2019 Shri Kamal Talreja, Delhi. 6. In the result, appeal of the Assessee disposed of.
Order pronounced in the open Court.