SANVIJAY ROLLING AND ENGINEERING LIMITED,NAGPUR vs. DCIT CIRCLE-2, NAGPUR
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
IN THE INCOME TAX APPELLATE TRIBUNAL NAGPUR BENCH : NAGPUR BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER AND SHRI KHETTRA MOHAN ROY, ACCOUNTANT MEMBER ITA.No.39/NAG./2024 Assessment Year 2019-2020 Sanjiv Rolling and The DCIT, Circle-2, Engineering Limited, Aayakar Bhavan, 9, Imambada Road, vs. Telankhedi Road, Opp. Bazar Steel, Civil Lines, NAGPUR – 440 018. NAGPUR – 440 001. Maharashtra. PAN AACCS0217J Maharashtra. (Appellant) (Respondent) For Assessee : Shri K.P. Dewani, Advocate For Revenue : Shri Abhay Y. Marathe, Sr. DR Date of Hearing : 27.01.2025 Date of Pronouncement : 28.01.2025 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 We, therefore, dismiss the appeal of the assessee as “withdrawn”.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.
Sd/- Sd/- (KHETTRA MOHAN ROY) (V. DURGA RAO) ACCOUNTANT MEMBER JUDICIAL MEMBER Nagpur, Dated 28th January, 2025 VBP/- Copy to 1. The appellant 2. The respondent 3. The CIT(A), Nagpur concerned 4. The CIT, Nagpur concerned 5. The D.R. ITAT, Nagpur Bench, Nagpur 6. Guard File.
//By Order// True Copy Sr. Private Secretary : ITAT : Nagpur Bench NAGPUR.