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Income Tax Appellate Tribunal, ‘C’ BENCH: CHENNAI
Before: SHRI V. DURGA RAO & SHRI G. MANJUNATHA
PER V. DURGA RAO, JUDICIAL MEMBER:
This appeal filed by the assessee is against the order of the ld. CIT(A)-19, Chennai in dated 28.05.2019 relevant to the Assessment Year 2014 - 2015. The appeal filed by the Assessee is delayed by one day for which condonation petition in the form of affidavit has been filed and prayed for condoning the delay, to which the Ld. DR has not raised any objection. Thus, the delay is condone and the appeal admitted for hearing.
2 -: 2. When this appeal is taken up for hearing, the learned Counsel for the Assessee has submitted that the Assessee has opted to avail the Vivad-se-Vishwas Scheme 2020. It was further a submission that Form No.3 from the Designated authority is yet to be issued and would be submitted in due course and the same shall be furnished after issuance of Form 3. He has further submitted that the Assessee may be permitted to withdraw the appeal.
On the other hand the learned Departmental Representative has not raised any objection to the submissions of the learned Counsel for the Assessee.
We have heard both the sides through Video-Conferencing, perused the materials available on record and gone through the orders of the authorities below.
In this case, the Assessee has opted for the Vivad-se-Vishwas Scheme 2020 and the Designated Authority is yet to issue Form No.3 for the settlement of pending tax dispute. Since the ld. Counsel for the Assessee has submitted that Form 3 would be submitted as and when it is issued and prayed for permitting the Assessee to withdraw the appeal, the appeal filed by the Assessee is permitted
3 -: to be withdrawn. However, it is open to the Assessee to approach the Tribunal by filing an appropriate application in the event of any injustice caused to the Assessee in respect of the settlement of dispute relating to the Vivad-se-Vishwas Scheme 2020.
In the result, the appeal of the Assessee in is dismissed as withdrawn.
Order pronounced on 2nd February, 2021 in Chennai.