M/S ASIAN SWITCH GEAR PVT. LTD,KANPUR vs. DCIT, CPC, BENGALURU, BENGALURU

PER ANADEE NATH MISSHRA, A.M.

(A)
This appeal vide I.T.A. No.6/Lkw/2022 has been filed by the assessee for assessment year 2018-19 against impugned appellate order dated
30/11/2021 (DIN & Order No.ITBA/NFAC/S/250/2021-22/1037358456(1) of 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 30/12/2024 requesting the Bench that since the assessee has opted for Vivad Se Viswas Scheme-2024 “(VSVS” for short) and designated authority has issued certificate in Form No. 1 on 30th
December, 2024, the assessee may be permitted to withdraw the present appeal. Copy of Form No. 1 was also enclosed. Learned D.R. expressed
Appellant by None
Respondent by Shri Manu Chaurasia, CIT (D.R.)

I.T.A. No.6/Lkw/2022
Assessment Year:2018-19
2

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 In view of the foregoing, the appeal of the assessee is dismissed as withdrawn on account of assessee opting for VSVS.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In the result, the appeal of the assessee is dismissed as withdrawn.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 05/02/2025) . .
(SUBHASH MALGURIA) (ANADEE NATH MISSHRA)
Judicial Member Accountant Member

Dated:05/02/2025
*Singh

Copy of the order forwarded to :
1. The Appellant
2. The Respondent.
3. Concerned CIT
4. The CIT(A)
5. D.R., I.T.A.T., Lucknow

Asstt.