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Facts
An appeal was filed by the assessee against the CIT(A) order for Assessment Year 2017-2018. 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.
Held
The tribunal, noting the assessee's election for VSVS 2024 and the lack of objection from the Departmental Representative, dismissed the appeal as withdrawn. The tribunal granted the assessee liberty to approach them again if the matter is not resolved under the VSVS 2024 proceedings.
Key Issues
Whether an appeal should be dismissed as withdrawn when the assessee has opted for the Vivad Se Vishwas Scheme (VSVS) 2024.
Sections Cited
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Income Tax Appellate Tribunal, COCHIN BENCH, COCHIN
Before: Shri Inturi Rama Rao & Shri Prakash Chand Yadav
O R D E R
Per Prakash Chand Yadav, JM :
The present appeal of the assessee is arising from the order of the learned Commissioner of Income-tax (Appeals) dated 19th March, 2024 and it relates to the assessment year 2017-2018, having DIN & Order No.ITBA/NFAC/S/ 250/2023- 24/1062948152(1).
At the outset, the learned Counsel for the assessee pointed out that the assessee has opted for VSVS 2024 and hence the present appeal may be dismissed as withdrawn.
The learned Departmental Representative could not object to the withdrawal of the appeal by the assessee.
. Sri.Sulfekhar Ali Mohammed Haneefa. 4. In view of the above fact that the assessee has opted for VSVS 2024, we dismiss this appeal filed by the assessee as withdrawn with the liberty to the assessee to come up before us, if the assessee fails to resolve the matter in VSVS 2024 proceedings.
In the result, the appeal filed by the assessee is dismissed.