JOGINDER SETHI,MUMBAI vs. ITO (IT)-4(2)(1), MUMBAI

This appeal by the assessee is directed against the order of Commissioner of Income Tax (Appeals)-58, Mumbai (in short ‘the CIT(A)’) dated 28/08/2019 for the assessment year 2011-12.

This appeal was heard on merits of the addition, however, before the order could be passed the assessee opted for ‘Viwad Se Vishwas Scheme, 2020’( in short ‘VSVS’) and has filed declaration in the prescribed Form No.1 & 2. The assessee vide letter dated 10/02/2021 has informed that the declaration under ‘VSVS’ has been accepted and Form No.3 has been issued by the Department. Therefore, the assessee wishes to withdraw the appeal with a liberty to revive the appeal in case the application under ‘VSVS’does not finally mature.

In view of the fact that assessee has opted for ‘VSVS’ and the declaration filed by assessee has been accepted, the assessee’s request for withdrawal of appeal is allowed. Accordingly, the appeal by assessee is dismissed as withdrawn with the liberty as prayed. 4. In the result, appeal by assessee is dismissed as withdrawn. Order pronounced in the open Court on Friday the 12th day of February, 2021.