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Facts
The assessee filed an appeal against the order of the learned Addl./JCIT(A)-4, Delhi, for assessment year 2019-2020. During the hearing, the assessee sought to withdraw the appeal because they had opted to settle the dispute under The Direct Tax Vivad Se Vishwas Scheme, 2024.
Held
The assessee had settled the dispute under The Direct Tax Vivad Se Vishwas Scheme, 2024, and the tax demand had been adjusted accordingly. The Revenue had no objection to the withdrawal of the appeal.
Key Issues
Whether the assessee should be allowed to withdraw the appeal as the dispute was settled under The Direct Tax Vivad Se Vishwas Scheme, 2024.
Sections Cited
The Direct Tax Vivad Se Vishwas Scheme, 2024
AI-generated summary — verify with the full judgment below
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 18.12.2023 of the learned Addl./JCIT(A)-4, Delhi, relating to assessment year 2019-2020. 2. During the course of hearing, Learned Counsel for the Assessee seeks permission of the Tribunal to withdraw the appeal on the ground that the assessee opted to settle the dispute under The Direct Tax Vivad Se Vishwas Scheme, 2024 and the
2 ITA.No.39/NAG./2024 Department has already adjusted the refund amount against the amount of tax demand and the assessee has also received Form No.2, which is placed on record. 3. The Learned DR has no objection to the above proposition. 4. We, therefore, dismiss the appeal of the assessee as “withdrawn”. Order pronounced in the open Court on 28.01.2025.