CHENNAI RHINOS PVT LTD,CHENNAI vs. ITO CORPORATE WARD 1 (3), CHENNAI

At the time of hearing, the ld.AR for the assessee has filed a letter dated 29.01.2022 for withdrawal of appeal and stated that the 2 assessee wants to utilize the Direct Taxes ‘Vivad se Vishwas Scheme, 2020’ to settle pending disputes relating to Direct Taxes and in this regard the assessee has filed Form no. 3 from the designated authority. The ld.AR has also stated that the assessee had paid the tax amount as per Form 3 and in this regard, submitted Form 4 and requested for withdrawal of appeal. Therefore, once the assessee has filed Form 3 & 4 and expressed its willingness to settle pending dispute regarding direct taxes, then there is no point in keeping appeal filed by the assessee and hence, we dismiss the appeal filed by the assessee as withdrawn subject to liberty to the assessee to get it recalled in case, the assessee does not succeed in availing the scheme i.e., Vivad Se Vishwas Scheme 2020 for whatever reason.

In the result, the appeal filed by the assessee is dismissed as withdrawn.