M/S HILLTOP GRANITES PVT LTD ,BANGALORE vs. INCOME TAX OFFICER WARD-3(1)(3), BANGALORE

In course of hearing, learned AR of the assessee submitted that the assessee wants to avail benefit of Vivad Se Viswas Act 2020 and therefore, this appeal may be dismissed as withdrawn. He submitted that a letter is filed by the assessee with the registry of the tribunal on 09.09.2020 in this regard. He also submitted that the tribunal should grant liberty to the assessee to approach this tribunal for recall of this order u/s 254 (2) of I T Act in case the assessee does not finally opt for this scheme or opts out of that scheme for any reason or there is any problem under that Act.

Learned DR of the revenue had no objection about this request of the assessee. Hence, we dismiss this appeal as withdrawn and grant liberty to the assessee to approach this tribunal for recall of this order u/s 254 (2) of I T Act in case the assessee at some stage before completion of the formalities under that Act decides to opt out of that scheme under Vivad Se Viswas Act or there is any problem under that Act.

In the result, this appeal of the assessee is dismissed. Pronounced in the open court on the date mentioned on the caption page.