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Facts
The assessee filed an appeal against a CIT(A) order for AY 2015-2016. During the proceedings, the assessee's counsel informed the tribunal that the assessee had opted for the VSVS 2024 scheme and requested to withdraw the appeal. The Departmental Representative did not object to the withdrawal.
Held
The Tribunal dismissed the appeal as withdrawn, acknowledging the assessee's election to opt for the VSVS 2024. The assessee was granted the liberty to revive the appeal if their declaration under the VSVS 2024 scheme is rejected for any reason.
Key Issues
Whether an appeal should be dismissed as withdrawn when the assessee opts for the VSVS 2024 scheme, and whether to grant liberty to revive the appeal if the VSVS declaration is rejected.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 06.01.2024 having DIN & Order No.ITBA/NFAC/S/250/2023-24/1059435127(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for the assessee pointed out that the assessee opted for VSVS 2024 and hence the present appeal may be dismissed as withdrawn.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In view of the fact that the assessee opted for VSVS 2024, I dismiss this appeal filed by the assessee as withdrawn with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.