ARUN NAGAR,JAIPUR vs. DCIT, CIRCLE, INTERNATIONAL TAXATION, JAIPUR, JAIPUR

Facts

The assessee filed an appeal against the order of the AO for the assessment year 2019-20. During the hearing, the assessee prayed for withdrawal of the appeal as the dispute was settled under the Vivad Se Vishwas Scheme, 2024, making the disputed tax payable NIL.

Held

The Tribunal noted that the assessee is interested in withdrawing the appeal due to settlement under the Vivad Se Vishwas Scheme. The Tribunal allowed the withdrawal of the appeal.

Key Issues

Whether the appeal can be withdrawn by the assessee after settling the dispute under the Vivad Se Vishwas Scheme, 2024.