SAHARA Q SHOPUNIQUE PRODUCT RANGE LIMITED,LUCKNOW vs. ASSESSING OFFICER, INCOME TAX LUCKNOW

PER ANADEE NATH MISSHRA:A.M.

(A)
This appeal vide I.T.A. No.558/Lkw/2024 has been filed by the assessee pertaining to assessment year 2018-19 against impugned appellate order dated 20/08/2024 ( DIN & Order No.
ITBA/NFAC/S/250/2024-
25/1067778492(1) passed by learned Commissioner of Income Tax
(Appeals) [“CIT(A)” for short].

Appellant by Shri Devashish Mehrotra, Advocate
Respondent by Shri Sanjeev Krishna Sharma,
Addl. CIT (D.R.)
Date of hearing
20/01/2025
Date of pronouncement
21/01/2025

I.T.A. No.558/Lkw/2024
Assessment Year:2018-19
2

(B)
During the course of hearing, it was noticed that the assessee has submitted an application dated 07/01/2025 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-2 on 30th December,
2024, the assessee may be permitted to withdraw the present appeal. Copy of Form No. 2 was also enclosed. Learned D.R. 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 In view of the foregoing, the appeal of the assessee is dismissed as withdrawn on account of assessee opting for VSVS.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 Revenue 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In the result, the appeal of the assessee is dismissed as withdrawn.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 21/01/2025) . .
(KUL BHARAT) (ANADEE NATH MISSHRA)
Vice President Accountant Member

Dated:21/01/2025
*Singh

Copy of the order forwarded to :

Asstt.