M/S KANPUR INDUSTRIAL DEVELOPMENT CO-OPERATIVE LTD,KANPUR vs. ACIT, KANPUR

PER ANADEE NATH MISSHRA:A.M.

(A)
These three appeals have been filed by the assessee pertaining to assessment years 2003-04 to 2005-06 against impugned appellate orders dated 15/05/2015, 01/05/2015 and 15/05/2015 respectively 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 30/12/2024 vide which it has been informed that the assessee has opted for Vivad Se Viswas Scheme-2024 “(VSVS” for Appellant by None
Respondent by Smt. Namita S. Pandey, CIT (D.R.)
Date of hearing
22/01/2025
Date of pronouncement
23/01/2025

I.T.A. Nos.559, 560 & 561/Lkw/2015
Assessment Years:2003-04, 04-05 & 05-06
2

short) and designated authority has issued certificates in Form-1 on 9th
December, 2024 for all the three assessment years. Since the assessee has opted for Vivad Se Viswas Scheme-2024 and Form No. 1 has been issued by the Designated authority, these appeals filed by the assessee have become infructuous and are liable to be dismissed. Copies of Form No. 1 in all the three appeals were also enclosed. Learned D.R. expressed no objection. In view of the foregoing, the appeals of the assessee are dismissed as infructuous 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 appeals if it is found that the issues in dispute in present appeals are not settled under aforesaid VSVS.

(D)
In the result, the appeals of the assessee are dismissed as infructuous.

(Order pronounced in the open court on 23/01/2025) . .
(KUL BHARAT) (ANADEE NATH MISSHRA)
Vice President Accountant Member

Dated:23/01/2025
*Singh

Copy of the order forwarded to :

Asstt.