M/S KAMAL AUTO FINANCE PVT. LTD.,JAIPUR vs. DCIT, CIRCLE-1, JAIPUR, JAIPUR

आयकरअपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर
IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES, “SMC-Bench” JAIPUR

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BEFORE: SHRI GAGAN GOYAL, AM & SHRI NARINDER KUMAR, JM vk;djvihy la-@ITA No. 1546/JP/2024
fu/kZkj.ko"kZ@Assessment Year: 2017-18

M/s.Kamal Auto Finance Pvt Ltd.
Circle-1
Jaipur
LFkk;hys[kk la-@thvkbZvkj la-@PAN/GIR No.:AACCK 1371 M vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksjls@Assessee by : Shri P.C. Parwal, CA. (Through VC) jktLo dh vksjls@Revenue by: Sh. Gautam Singh Choudhary, JCIT-DR.

lquokbZ dh rkjh[k@Date of Hearing

: 25 /02/2025

mn?kks"k.kk dh rkjh[k@Date of Pronouncement : 25/02/2025

vkns'k@ORDER

PER: NARINDER KUMAR, JUDICIAL MEMBER

By way of present appeal, assessee- a Private Limited Compay- has challenged the order dated 19-12-2024 passed by ld. CIT(A), NFAC, Delhi u/s 250
of the Income Tax Act (in short ‘’ the Act’’), relating to the assessment year 2017-
18, as appeal filed by the assessee company challenging the penalty order came to be dismissed.

2
M/S. KAMAL AUTO FINANCE PVT LTD VS DCIT, CIRCLE-1, JAIPUR
2. Vide order dated 11-03-2034, the AO imposed penalty of Rs.52,012/- i.e. @
200% of the tax payable for underreported income in consequence of misreporting of income.
3. Today, when the appeal has been taken up, an application dated 17-01-2025
submitted on behalf of the appellant has been put up.
In the application, the prayer is that this appeal be dismissed as having been withdrawn, as the appellant has moved appropriate application for settlement of the dispute availing of benefit of Direct Tax Vivad Se Vishwas Scheme, 2024. At the same time, it has been requested that the appellant be granted liberty to get the appeal revised, in case of no settlement under the Scheme i.e. Direct Tax
Vivad Se Vishwas Scheme, 2024. 4. Alongwith application, copy of Form No. 2 has been submitted. Form No. 4
is stated to have not so far been issued.
5. Having regard to the prayer in the application and that the appellant intends to get the matter settled under Direct Tax Vivad Se Vishwas Scheme, 2024, as requested, this appeal deserves to be dismissed as having been withdrawn.
Result
6. As a result, this appeal is dismissed as having been withdrawn . However, it is made clear that in case no settlement is arrived at under the said Scheme, the 3
M/S. KAMAL AUTO FINANCE PVT LTD VS DCIT, CIRCLE-1, JAIPUR assessee -appellant shall be at liberty to file appropriate application for restoration of the appeal, and that too in accordance with law.
7. Appeal file be consigned to record room after the needful is done by the office.

Order pronounced in Open Court on 25-02-2025. (xxu Xkks;y)

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(GAGAN GOYAL)

(NARINDER KUMAR) ys[kk lnL; @Accountant Member U;kf;d lnL;@Judicial Member

Tk;iqj@Jaipur fnukad@Dated 25/02/2025

*Mishra, Sr. PS
आदेश की प्रतिलिपिअग्रेf’ात@ब्वचल वf जीम वतकमत वितूंतकमक जवरू
1. The Appellant- M/s. Kamal Auto Finance Pvt. Ltd. Jaipur
2. izR;FkhZ@ The Respondent- The DCIT, Circle-1,Jaipur
3. vk;djvk;qDr@ The ld CIT
4. विभागीय प्रतिनिधि] आयकरअपीलीय अधिकरण] जयपुर@क्त्ए प्ज्Aज्ए Jंपचनत
5. xkMZQkbZy@ Guard File ITA No.1546/JP/2024) vkns'kkuqlkj@ By order,

सहायकपंजीकार@Aेेजज. त्महपेजतंत