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Facts
The assessee filed appeals against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, for the A.Y. 2016-17. During the hearing, the assessee's counsel submitted a request to withdraw the appeals to avail the Direct Tax "Vivad Se Vishwas Scheme, 2024".
Held
The Tribunal dismissed the appeals as withdrawn. It granted the assessee liberty to file a Miscellaneous Application to reinstate the appeals if their application under the Vivad Se Vishwas Scheme 2024 is not accepted by the Revenue for any reason.
Key Issues
Whether to dismiss the appeals as withdrawn to allow the assessee to opt for the Vivad Se Vishwas Scheme, with a provision for reinstatement if the scheme is not applicable.
Sections Cited
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Income Tax Appellate Tribunal, VISAKHAPATNAM BENCH
Before: SHRI LALIET KUMAR & SHRI BALAKRISHNAN. S
O R D E R PER LALIET KUMAR, J.M.
These appeals are filed by the assessee feeling aggrieved by the order passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi dated 10.01.2024 for the A.Y. 2016-17.
At the outset, the Learned Counsel for the assessee submitted that the assessee wishes to avail Direct Tax “Vivad Se Vishwas Scheme, 2024" and hence, would like to withdraw these Appels.
After hearing both the parties, we dismiss the appeals of the assessee with a liberty to approach the Tribunal if assessee's case is not accepted in Vivad se Vishwas Scheme 2024 by the Revenue for whatsoever may be the reason, then the assessee shall be at liberty to file Miscellaneous Application before the Tribunal within the time limit prescribed under the Act to reinstate assessee's appeals. Ordered accordingly.
In the result, the appeals of the assessee are dismissed as 'withdrawn'.