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Facts
The assessee filed an appeal against the order of the Commissioner of Income-tax (Appeals) for the assessment year 2016-2017. Subsequently, the assessee informed the Tribunal that they had opted for the VSVS 2024 scheme and requested to withdraw the appeal.
Held
The Tribunal dismissed the appeal as withdrawn. However, it granted the assessee the liberty to revive the appeal if their application under the VSVS 2024 scheme is rejected for any reason.
Key Issues
Whether an appeal should be dismissed as withdrawn when the assessee has opted for the VSVS 2024 scheme.
Sections Cited
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Income Tax Appellate Tribunal, COCHIN BENCH, COCHIN
Before: Shri Inturi Rama Rao & Shri Soundararajan K
:Asst.Year2016-2017 Sri.Bhaskar Sasikumar The Income Tax Officer Sasi Sadanam, Kannamangalam v. Ward -1 & TPS Thattarampalam, Mavelikara Alappuzha. Alappuzha – 690 103. PAN :AVAPK1118L. (Appellant) (Respondent) Appellant by : --- None --- Respondent by :Smt.Leena Lal, Sr.AR Date of Date of Hearing :10.03.2025 Pronouncement : 14.03.2025 O R D E R
Per Soundararajan K, JM :
This is an appeal filed by the assessee challenging the order of the National Faceless Assessment Centre / Commissioner of Income- tax (Appeals) [“CIT(A)” for short] dated 12.07.2024in respect of assessment year 2016-2017.
At the outset, we noticed from the letter dated 10th March, 2025 that the assessee had opted for VSVS 2024 and hence prayed that the present appeal may be dismissed as withdrawn.
The learned Departmental Representative did not object to the withdrawal of the appeal by the assessee.
In view of the fact that the assessee had opted for VSVS 2024, we dismiss this appeal filed by the assessee as withdrawn with the liberty to the assessee to revive the appeal before the Tribunal, if the application filed, came to be rejected for any reason whatsoever.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 14th day of March, 2025.