Loading judgment…
Facts
The assessee appealed against orders dated 15/02/2024, which were passed consequent to assessment orders dated 21/03/2016 and 22/12/2016, under section 143(3) of the Income Tax Act, 1961.
Held
The assessee has opted for settlement under the Vivad Se Vishwas Scheme, 2024, and requested to withdraw the appeals. The Departmental Representative raised no objection.
Key Issues
Whether the appeals can be dismissed as withdrawn consequent to the assessee opting for settlement under the Vivad Se Vishwas Scheme, 2024.
Sections Cited
143(3), 250
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, “C” BENCH, AHMEDABAD
Before: MS. SUCHITRA KAMBLE & SHRI MAKARAND V. MAHADEOKAR
O R D E R
PER MS. SUCHITRA KAMBLE, JUDICIAL MEMBER:
Both these appeals filed by the assessee pertain to the Assessment Years (AYs) 2013-14 & 2014-15 against the separate orders both dated 15/02/2024 passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as “CIT(A)”] passed under section 250 of the Income Tax Act, 1961 arising from the assessment order dated 21/03/2016 & dated 22/12/2016 for AYs 2013-14 & & 684/Ahd/2024 Ahmedabad Textile Industry’s Research Association vs. DCIT Asst. Years : 2013-14 & 2014-15 respectively 2014-15 passed by the Assessing Officer u/s.143(3) of the Income Tax Act, 1961.
During the course of hearing before us, the assessee submitted that it has opted for settlement under the Vivad Se Vishwas Scheme, 2024 (VSVS), and Form No. 2 has been issued by the competent authority in both the cases. Accordingly, the assessee requested to withdraw the above appeals.
The Departmental Representative (DR) raised no objection. Considering the submissions, the appeals are dismissed as withdrawn. However, the assessee is at liberty to seek restoration in case of any difficulty in implementing the scheme.