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Facts
The assessee, Gama Technik Private Limited, filed an appeal challenging an order of the National Faceless Assessment Centre/CIT(A) for the assessment year 2016-17. During the hearing, the assessee informed the Tribunal via a letter dated 24th February, 2025, that it had opted for the Vivad se Vishwas Scheme (VSVS) 2024.
Held
The Tribunal, noting the assessee's election for VSVS 2024 and with no objection from the Departmental Representative, dismissed the appeal as withdrawn. The Tribunal granted the assessee the liberty to revive the appeal if their VSVS application is subsequently rejected for any reason.
Key Issues
Whether the appeal should be dismissed as withdrawn due to the assessee's election to opt for the Vivad se Vishwas Scheme, 2024.
Sections Cited
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Income Tax Appellate Tribunal, COCHIN BENCH, COCHIN
Before: Shri Inturi Rama Rao & Shri Soundararajan K
Asst.Year 2016-2017 Gama Technik Private Limited The Income Tax Officer TC 15/730(2) 9(1) CSM Nagar v. Ward -1 (1) Edapazhanji, Trivandrum. Sasthamangalam PO Trivandrum – 695 010 PAN : AACCG3204F. (Appellant) (Respondent) Appellant by : --- None --- Respondent by : Sri.Suresh Sivanandan, CIT-DR Date of Date of Hearing : 12.03.2025 Pronouncement : 21.03.2025 O R D E R
Per Soundararajan K, JM :
This appeal filed by the assessee is challenging the order of the National Faceless Assessment Centre / Commissioner of Income-tax (Appeals) [“CIT(A)” for short] dated 13.03.2024 in respect of assessment year 2016-2017.
At the outset, we noticed from the letter dated 24th February, 2025 that the assessee had opted for VSVS 2024 and hence prayed that the present appeal may be dismissed as withdrawn.
In view of the fact that the assessee had opted for VSVS 2024, we dismiss this appeal filed by the assessee as withdrawn with the liberty to the assessee to revive the appeal before the Tribunal, if the application filed, came to be rejected for any reason whatsoever.
In the result, the appeal filed by the assessee is dismissed.
Order pronounced on this 21st day of March, 2025.