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Income Tax Appellate Tribunal, “B” BENCH: KOLKATA
Before: Shri A. T. Varkey, JM & Dr. Arjun Lal Saini, AM]
ORDER Shri A. T. Varkey, JM This is an appeal preferred by the assessee against the order of Ld. CIT(A)-20, Kolkata dated 31-01-2020 for the assessment year 2013-14 confirming the action of the AO u/s. 271AAB of the Income-tax Act, 1961 (hereinafter referred to as the “Act”).
At the outset, the Ld. AR for the assessee Smt. Sikha Agarwal submitted that the assessee has submitted form for filing declaration and undertaking under sub-section (5) of section 4 of the Direct Tax Vivad Se Vishwas Act, 2020 on 19.08.2020 before the department and is awaiting the approval from the Ld. Pr. CIT. Since the assessee preferred to opt for the scheme Vivad Se Vishwas as announced by the Govt. of India and the assessee has filed the requisite form on 19.08.2020 and is awaiting approval from the Ld. Pr. CIT, we allow the assessee to withdraw the appeal subject to caveat that in case the department does not approve the assessee’s action then the appeal will be restored on an application filed by the assessee in accordance to law. Therefore, the appeal of assessee is treated to be dismissed as withdrawn.
Smt. Lila Devi Gourisaria., AY 2013-14
In the result, the appeal of assessee is dismissed as withdrawn.