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Facts
The Revenue filed appeals against orders of the CIT(A) for AY 2013-14. The assessee sought to withdraw the appeals as they had opted to avail the benefit of the Vivad se Vishwas Scheme, 2024.
Held
The Tribunal considered the assessee's application for withdrawal, noting that their application under the Vivad se Vishwas Scheme, 2024 was approved. The Tribunal allowed the request for withdrawal.
Key Issues
Whether the appeals filed by the Revenue can be dismissed as withdrawn, based on the assessee opting for the Vivad se Vishwas Scheme, 2024.
Sections Cited
91, 92
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Income Tax Appellate Tribunal, “D” BENCH, AHMEDABAD
Before: SHRI SIDDHARTHA NAUTIYAL & SHRI MAKARAND V. MAHADEOKAR
Appellant by : Shri Biren Shah, A.R. & Shri Gulab Thakor, A.R. Respondent by: Shri Prathvi Raj Meena, CIT-DR & Ms. Neeju Gupta, Sr. D.R. 13.03.2025 Date of Hearing Date of Pronouncement 19.03.2025 O R D E R PER BENCH: These appeals have been filed by the Revenue against the order passed by the Ld. Commissioner of Income Tax(Appeals), (in short “Ld. CIT(A)”), National Faceless Appeal Centre (in short “NFAC”), Delhi vide orders dated 31.05.2024 & 01.06.2024 passed for Assessment Year 2013-14.
The Counsel for the assessee submitted before us that the assessee wants to withdraw the present appeal since it has opted to avail benefit of Vivad se Vishwas Scheme, 2024 and in his submission, the assessee has also enclosed copies of Form No. 1 and 2 issued by the Pr. CIT of Income Tax, Ahmedabad, approving the applications filed by the assessee under the Vivad se Vishwas Scheme, 2024. The Counsel for the assessee submitted before us ITO vs. Shree Ramkrupa Finance Pvt. Ltd. Asst.Year –2013-14 - 2 – that the assessees do not wish to pursue the present appeal since their application under Vivad se Vishwas Scheme, 2024 has been approved by the Income Tax Department and requested that their applications for withdrawal of appeal may please be accepted.
The Ld. Departmental Representative for the Revenue stated that he has no objection to withdraw of the present appeals, in the circumstances narrated on behalf of the assessee.
We have considered the application of the assessee for withdrawal of the appeal on the ground that their application has been approved under Vivad se Vishwas Scheme, 2024. A reference has been made in sub-Section (1) of Section 91 of the Finance (No.2) Act, 2024 and sub-Section (1) of Section 92 of the Finance (No.2) Act, 2024 of Direct Tax Vivad se Vishwas Scheme, 2024 for the purpose of withdrawal of appeal. In the light of the provisions made in the Scheme and after considering the material on record, the aforesaid request for withdrawal of appeal of the assessee to avail the VSV Scheme, 2024 is hereby allowed.