PARAMJIT SINGH, H NO. 208, BAREWAL AWANA, LUDHIANA,PUNJAB vs. THE ASSESSMENT UNIT NFAC DELHI JAO THE INCOME TAX OFFICER WARD-7(1), LUDHIANA, PUNJAB

Aforesaid appeal by assessee for Assessment Year (AY) 2012-13 arises out of an order of learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 26-07-2024 confirming penalty of Rs.40,000/- as levied by Ld. AO u/s. 271(1)(b) vide order dated 05-02-2022. 2. The Ld. AR, at the outset, sought withdrawal of the captioned appeal on the ground that the assessee has settled the dispute under the Direct Tax Vivad Se Vishwas Scheme, 2024 and Form No.2 has already been issued to the assessee which has been placed on record. The withdrawal of appeal has not been objected to by Ld. Sr. DR. 3. Accepting the prayer of Ld. AR, the appeal of the assessee is dismissed as withdrawn subject to liberty to the assessee to seek revival of the appeal in case the aforesaid resolution fails, for whatever reasons. 4. The appeal of the assessee stand dismissed as withdrawn. Order pronounced on 16th April, 2025. (LALIET KUMAR) (MANOJ KUMAR AGGARWAL) JUDICIAL MEMBER लेखा सद˟ /ACCOUNTANT MEMBER