KODUNGALLUR ONNU KURE AYIRAM YOGAM EAST NADA,KODUNGALLUR vs. ITO(EXEMPTION), EXEMPTION WARD, THRISSUR
Facts
The assessee filed an appeal against an order from the National Faceless Appeal Centre (NFAC) for Assessment Year 2012-13. Subsequently, the assessee requested to withdraw the appeal, citing an intention to settle the dispute under the Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV).
Held
The Tribunal permitted the assessee to withdraw the appeal. It granted the assessee the liberty to revive the appeal if their application under the DTVSV Scheme is rejected. The appeal was accordingly dismissed as withdrawn.
Key Issues
Whether the assessee should be allowed to withdraw the appeal given their intent to resolve the matter through the Direct Tax Vivad Se Vishwas Scheme, 2024.
Sections Cited
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, COCHIN BENCH
Before: SHRI INTURI RAMA RAO, AM
IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH BEFORE SHRI INTURI RAMA RAO, AM ITA No. 412/Coch/2024 Assessment Year: 2012-13 Kodungallur Onnu Kure Ayiram Yogarr .......... Appellant East Nada, Kodungallur, Thrissur 680664 [PAN: AAATK2366F] vs. The Income Tax Officer (Exemption) .......... Respondent Thrissur Appellant by: ------- None ------- Respondent by: Smt. Leena Lal, Sr. D.R. Date of Hearing: 05.02.2025 Date of Pronouncement: 19.02.2025 O R D E R This appeal filed by the assessee is directed against the order of the National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 18.03.2024 for Assessment Year (AY) 2012-13.
When the matter was called on, the learned counsel for the assessee filed a letter stating that the appellant intends to withdraw the appeal, as the issue in the appeal is sought to be settled through Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV). Accordingly, I permit the assessee to withdraw the appeal with liberty to revive the appeal, in the event the application in Form No. 1 under DTVSV comes to be rejected, for any reason.
2 ITA No. 412/Coch/2024 Kodungallur Onnu Kure Ayiram Yogarr 3. In the result, appeal filed by the assessee is dismissed as withdrawn.
Order pronounced in the open court on 19th February, 2025. 4.
Sd/- (INTURI RAMA RAO) ACCOUNTANT MEMBER
Cochin, Dated: 19th February, 2025 n.p. Copy to: 1. The Appellant 2. The Respondent 3. The Pr. CIT concerned 4. The Sr. DR, ITAT, Cochin 5. Guard File Assistant Registrar ITAT, Cochin