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Facts
The assessee filed an appeal against an order dated 24.01.2024, related to assessment year 2019-2020. During the hearing, the assessee's counsel stated that the assessee opted to settle the dispute under the Direct Tax Vivad Se Vishwas Scheme, 2024.
Held
The assessee sought permission to withdraw the appeal as they had opted for the Vivad Se Vishwas scheme. The Revenue's representative had no objection to this request.
Key Issues
Whether the appeal can be permitted to be withdrawn by the assessee due to opting for the Vivad Se Vishwas Scheme.
Sections Cited
Direct Tax Vivad Se Vishwas Scheme, 2024
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Income Tax Appellate Tribunal, NAGPUR BENCH : NAGPUR
Before: SHRI V. DURGA RAO & SHRI KHETTRA MOHAN ROY
ORDER PER V. DURGA RAO, J.M. : This appeal has been filed by the assessee against the order dated 24.01.2024, of the learned Addl/JCIT(A)-2, Vadodara, relating to assessment year 2019-2020. 2. At the outset, during the course of hearing, Learned Counsel for the Assessee submitted that the assessee opted to settle the dispute under Direct Tax Vivad Se Vishwas Scheme, 2024 and
2 ITA.No.54/NAG./2024 Form No.2 is also issued by the Department which is placed on record. He, accordingly, seeks the permission of the Tribunal to withdraw the appeal, for which, the Learned DR has no objection. 3. We, therefore, dismiss the appeal of the assessee as “withdrawn”. Order pronounced in the open Court on 04.02.2025.