VENUS FOOTARTS LIMITED,NEEM KA THANA vs. DCIT CENTRAL CIRCLE-1, JAIPUR

Facts

The assessee filed an appeal against the order of the CIT(A) for AY 2015-16. During the hearing, the assessee's AR prayed for withdrawal of the appeal due to settlement of the dispute under the Direct Tax Vivad Se Vishwas Scheme, 2024.

Held

The tribunal noted that the assessee company was interested in withdrawing the appeal by settling the dispute under the Vivad Se Vishwas Scheme. The Bench allowed the withdrawal of the appeal.

Key Issues

Whether the assessee can withdraw the appeal due to settlement under Vivad Se Vishwas Scheme.