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Facts
An appeal was filed by the assessee against the CIT(A)'s order for Assessment Year 2015-16. During the hearing, the assessee's counsel informed the Tribunal that the assessee had opted for the Vivad se Vishwas Scheme (VSVS) 2024 and requested to withdraw the appeal, a request to which the Departmental Representative did not object.
Held
The Tribunal dismissed the appeal as withdrawn, acknowledging the assessee's choice to opt for VSVS 2024. However, it granted the assessee the liberty to revive the appeal before the Tribunal if the VSVS 2024 declaration is rejected for any reason.
Key Issues
Whether the appeal should be dismissed as withdrawn due to the assessee opting for the Vivad se Vishwas Scheme 2024, with the provision for revival if the VSVS application is rejected.
Sections Cited
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Income Tax Appellate Tribunal, “SMC” BENCH, COCHIN
Before: Shri Inturi Rama Rao
O R D E R This appeal filed by the assessee is directed against the order of the National Faceless Assessment Centre / Commissioner of Income- tax (Appeals) [“CIT(A)” for short] dated 15.04.2022 having DIN & Order No.ITBA/NFAC/S/250/2022-23/1042746765(1) for the assessment year 2015-2016.
At the outset, the learned Counsel for the assessee pointed out that the assessee opted for VSVS 2024 and hence the present appeal may be dismissed as withdrawn.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In view of the fact that the assessee opted for VSVS 2024, I dismiss this appeal filed by the assessee as withdrawn with
In the result, the appeal filed by the assessee is dismissed. Order pronounced on this 11th day of February, 2025.