SV ECCENTRICS PVT.LTD.,LUCKNOW vs. DCIT/ACIT-3, LUCKNOW-NEW

PER ANADEE NATH MISSHRA:A.M.

(A)
This appeal vide I.T.A. No.176/Lkw/2022 has been filed by the assessee pertaining to assessment year 2019-20 against impugned appellate order dated 24/08/2022 ( DIN & Order No.
ITBA/NFAC/S/250/2022-
23/1044882246(1) passed by learned Commissioner of Income Tax
(Appeals) [“CIT(A)” for short].

(B)
During the course of hearing, it was noticed that the assessee has submitted an application dated 03/01/2025 requesting the Bench that since the assessee has opted for Vivad Se Viswas Scheme-2024 (“VSVS” for short)
Appellant by Shri Ashwani Kumar, C.A.
Respondent by Shri Manu Chaurasia, CIT (D.R.)
Date of pronouncement
12/03/2025

I.T.A. No.176/Lkw/2022
Assessment Year:2019-20
2

and designated authority has issued certificate in Form-2 on 2nd January,
2025, the assessee may be permitted to withdraw the present appeal. Copy of Form No. 2 was also enclosed. Learned Departmental Representative for Revenue expressed no objection. In view of the foregoing, the appeal of the assessee is dismissed as withdrawn on account of assessee opting for VSVS.

(C)
By way of abundant caution, we clarify that assessee will be at liberty to approach Income Tax Appellate Tribunal for restoration of appeal if it is found that the issue in dispute in present appeal is not settled under aforesaid VSVS.

(D)
In the result, the appeal of the assessee is dismissed as withdrawn.

(Order pronounced in the open court on 12/03/2025) . .
(SUDHANSHU SRIVASTAVA) (ANADEE NATH MISSHRA)
Judicial Member Accountant Member

Dated:12/03/2025
*Singh

Copy of the order forwarded to :

Asstt.