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Facts
The assessee filed an appeal for assessment year 2017-18. During the hearing, the assessee submitted an application to withdraw the appeal as they had opted for the Vivad Se Viswas Scheme-2024 and received a certificate in Form-2.
Held
The Tribunal noted that the assessee had opted for the Vivad Se Viswas Scheme and had submitted the necessary certificate. The Revenue had no objection to the withdrawal.
Key Issues
Whether the assessee can withdraw the appeal after opting for the Vivad Se Viswas Scheme.
Sections Cited
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Income Tax Appellate Tribunal, LUCKNOW BENCH ‘SMC’, LUCKNOW
Before: SHRI ANADEE NATH MISSHRA
2017-18 against impugned appellate order dated 05/02/2024 (DIN & Order No.ITBA/NFAC/S/250/2023- 24/1060481965(1) of Commissioner of Income Tax (Appeals).
(B) During the course of hearing, it was noticed that the assessee has submitted an application dated 27/12/2024 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-2 dated 20th December, 2024, the assessee may be permitted to withdraw the present appeal. Copy of Form-2 dated 20th December, 2024 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 In view of the foregoing, the appeal of the assessee is dismissed as withdrawn on account of assessee opting for VSVS.
(C) In the result, the appeal of the assessee is dismissed as withdrawn.
(Order pronounced in the open court on 02/01/2025)