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Income Tax Appellate Tribunal, ‘D’ BENCH: CHENNAI
Before: SHRI V. DURGA RAO & SHRI S. JAYARAMAN
Mr. S. Sridhar, Advocate अपीलाथी की ओर से/ Appellant by : प्रत्यथी की ओर से /Respondent by : Mr. G. Srinivasa Rao, CIT सुनवाई की तारीख/Date of Hearing : 22.06.2021 घोषणा की तारीख /Date of Pronouncement : 22.06.2021 आदेश / O R D E R PER BENCH:
I.T.A. No.816/Chny/2017 is an appeal filed by the Revenue & is an appeal filed by the Assessee against the order of the learned Commissioner of Income Tax (Appeals)-2 in Appeal No.I.T.A. No.91/CIT(A)-2/2012-2013 dated 27.01.2017 & I.T.A. No.231/CIT(A)-2/2015-16 dated 30.05.2017 for the Assessment Year 2012 – 2013 and 2008 – 2009 respectively.
I.T.A. No.816/Chny/2017 & 1649/Chny/2017 & 2017 & 815/Chny/ 2017 :- 3 -: consolidated order of the learned Commissioner of Income Tax (Appeals)- 2 in Appeal No.I.T.A. No.92/CIT(A)-2/2015-16 dated 27.01.2017 both for the Assessment Year 2012 – 2013.
As far as the merits of the case is concerned, the Assessee/Revenue has opted to avail the Vivad-se-Vishwas Scheme 2020 and Form No.3 issued by the Designated Authority has been received. The learned Counsel for the Assessee has submitted that they may be permitted to withdraw the appeal.
On the other hand the learned Departmental Representative has not raised any objection to the submissions of the learned Counsel for the Assessee.
We have heard both the sides, perused the materials available on record and gone through the orders of the authorities below.
In this case, the Assessee/Revenue has opted for the Vivad-se- Vishwas Scheme 2020 and the Designated Authority has issued Form No.3 for the settlement of pending tax dispute. Accordingly, he prayed that they may be permitted to withdraw the appeal.
I.T.A. No.816/Chny/2017 & 1649/Chny/2017 & 2017 & 815/Chny/ 2017 :- 4 -: 7. In view of the submissions of the Assessee/Revenue, the appeals are permitted to be withdrawn. However, it is open to the Assessee/Revenue to approach the Tribunal by filing an appropriate application in the event of any injustice caused in respect of the settlement of dispute relating to the Vivad-se-Vishwas Scheme 2020.
In the result, all the four appeals of the Assessee in & I.T.A. No.486/Chny/2017 as well as the Revenue in I.T.A. No.816/Chny/2017 respectively are dismissed as withdrawn. Order pronounced on 22nd June, 2021 in Chennai.