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Facts
The assessee had filed an appeal against an order of the National Faceless Appeal Centre for Assessment Year 2016-17. During the hearing, the appellant's counsel sought to withdraw the appeal as the issue was intended to be settled through the Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV).
Held
The Tribunal allowed the assessee to withdraw the appeal, granting liberty to revive it in case the application under the DTVSV scheme is rejected. Consequently, the appeal was dismissed as withdrawn.
Key Issues
The key issue was whether the assessee's request to withdraw the appeal to opt for settlement under the Direct Tax Vivad Se Vishwas Scheme should be permitted, and under what conditions.
Sections Cited
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Income Tax Appellate Tribunal, COCHIN BENCH
Before: SHRI INTURI RAMA RAO, AM & SHRI PRAKASH CHAND YADAV, JM
O R D E R Per: Inturi Rama Rao, AM This appeal filed by the assessee is directed against the order of the National Faceless Appeal Centre, Delhi [CIT(A)], dated 21.02.2023 for Assessment Year (AY) 2016-17.
At the time of hearing the learned counsel for the appellant submitted 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, we permit the
In the result, appeals filed by the assessee are dismissed as withdrawn.
Order pronounced in the open court on 4th February, 2025.