M/S. TYCO SAFETY PRODUCT (INDIA) PRIVATE LIMITED,BANGALORE vs. INCOME TAX OFFICER, WARD- 7(1)(1), BANGALORE

At the time of hearing, the learned AR of the assessee submitted that assessee is opting for Vivad Se Vishwas Scheme, 2020. Learned AR of the assessee submitted that under these facts the appeal of the assessee may be dismissed and withdrawn and liberty may be granted to the assessee to approach this Tribunal for recall of this order under section 254(2) of the Act in case the assessee finally opts out of Vivad Se Vishwas Scheme, 2020. Learned DR of the Revenue has no objection on the proposition.

In view of above discussions, we dismiss the appeal as withdrawn and grant liberty to the assessee to approach this Tribunal for recall of this Tribunal order under section 254(2) of the Act in case the assessee finally opts out of Vivad Se Vishwas Scheme, 2020, for any reason in accordance with law.

In the result, assessee’s appeal is dismissed.