THE HINDUSTAN TIMES LTD.,NEW DELHI vs. JCIT, RANGE- 25 , NEW DELHI

PER BRAJESH KUMAR SINGH, AM, This appeal filed by the assessee is directed against the order dated 03.08.2018 of Ld. Commissioner of Income Tax(Appeals)-9, New Delhi, pertaining to Assessment Year 2013-14 arising out of assessment order u/s 143(3) of the Income Tax Act, 1961 (hereinafter ‘the Act’) dated 31.03.2016. 2. The Ld. Counsel for the assessee, at the time of hearing vide his letter, dated 26.12.2024 stated that the assessee company has opted to settle the dispute relating to the tax arrears for the assessment year under consideration under the Vivad Se Vishwas Scheme, 2024 and has received from the designated authority. 2.1. In view of the aforesaid, it was submitted that since the captioned appeal now stand resolved/settled under the DTVSV Scheme, the same has been rendered infructuous and may accordingly be treated as withdrawn subject to caveat that in case form filed by the assessee is rejected at a later stage, then, the assessee shall be at liberty to approach the Tribunal for reinstitution of the appeal. 3. Learned Senior DR has no objection. 4. In light of the above written request by the assessee, the captioned appeal is dismissed as withdrawn. However, in the event, the assessee fails to avail the benefit of VSVS Scheme for any bona fide reasons, then the assessee concerned shall be at liberty to seek restoration of original appeal before the Tribunal in accordance with law. 5. In the result, the appeal of the assessee is dismissed as withdrawn.

Order pronounced in the open court on 02nd January, 2025. [MADHUMITA ROY] [BRAJESH KUMAR SINGH]

JUDICIAL MEMBER

ACCOUNTANT MEMBER
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