M/S INDO FARM EQUIPMENT LTD.,,CHANDIGARH vs. ACIT,, CHANDIGARH

PER RAJ PAL YADAV, VP The assessee is in appeal before the Tribunal against the order of the Commissioner of Income Tax (Appeals) [in short ‘the CIT (A)’] dated 19.11.2018 passed for assessment year 2011-12. Though the assessee has taken four grounds of appeal but Ground No. 1 and 4 are general grounds A.Y.2011-12 2

whereas in Ground No. 2 and 3 assessee has challenged re-opening of assessment and addition of provision for bad and doubtful debt for computing book profit under Section 115JB of the Act.
2. The assessee has filed an application for withdrawal of this appeal on the ground that he has availed benefit of 'Vivad Se Vishwas Scheme 2024’ and he has resolved the dispute with the Revenue under this Scheme. Necessary certificate in Form No.2 under Rule 5 has been issued to him which is placed on record.
3. Considering the prayer of the assessee, this appeal is dismissed as withdrawn because in view of this settlement of dispute under 'Vivad Se Vishwas Scheme', it becomes infructuous. However, it is made clear that in case, on account of some technicalities, assessee failed to avail the full benefit of this Scheme, then both sides will be at liberty to get the appeal revived after filing of application under Section 254(2) of the Income Tax Act. Such application be filed within due date of limitation provided under this Scheme.
A.Y.2011-12
3

“Poonam”

आदेश क ितिलिप अ ेिषत/ Copy of the order forwarded to :

आदेशानुसार/ By order,
सहायक पंजीकार/