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Facts
The assessee filed an appeal against an order for AY 2010-11. The assessee opted for the Direct Tax Vivad Se Vishwas Scheme, 2024, and submitted Form No.1. The assessee requested to withdraw the appeal based on this.
Held
The Tribunal considered the assessee's application for withdrawal of the appeal. The revenue did not object to the withdrawal. The Tribunal permitted the withdrawal with liberty to restore the appeal if the Vivad Se Vishwas scheme application is not settled.
Key Issues
Whether the appeal can be dismissed as withdrawn upon the assessee opting for the Direct Tax Vivad Se Vishwas Scheme, 2024.
Sections Cited
250 of the Income-tax Act, 1961
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Income Tax Appellate Tribunal, SURAT BENCH, SURAT
Before: SHRI BIJAYANANDA PRUSETH & SHRI DINESH MOHAN SINHA
आदेश / O R D E R
PER BIJAYANANDA PRUSETH, AM:
This appeal by the assessee emanates from the order passed under section 250 of the Income-tax Act, 1961 (in short, ‘the Act’) dated 20.06.2024 by the learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi [in short, ‘CIT(A)’] for the assessment year (AY) 2010-11.
The learned Authorized Representative (ld. AR) of the assessee submitted that assessee has opted for the benefit of the Direct Tax Vivad Se Vishwas Scheme, 2024 (in short ‘the VSVS, 2024’). A copy of Form No.1, bearing with Acknowledgement No.850438000300125, dated 30.01.2025, was submitted by the ld. AR with a request to permit to withdraw the appeal. This fact was confronted with the learned Senior Departmental Representative (ld.
2 ITA.834/SRT/2024/AY.2010-11 Kalpesh Pandharinath Aglave