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

Facts

The assessee filed an appeal against the order of the AO for AY 2019-20. During the hearing, the assessee prayed for withdrawal of the appeal due to settlement under the Vivad Se Vishwas Scheme.

Held

The Tribunal noted that the assessee received Form No. 2 under the Vivad Se Vishwas Scheme, making the disputed tax payable NIL. The assessee expressed interest in withdrawing the appeal. The Tribunal allowed the withdrawal.

Key Issues

Whether the assessee's appeal can be withdrawn due to settlement under the Vivad Se Vishwas Scheme.