DY. COMMISSIONER OF INCOME TAX, CIRCLE GHAZIABAD vs. RAMESH CHAND JAIN, NEW GANDHI NAGAR, GHAZIABAD
Income Tax Appellate Tribunal, DELHI BENCH ‘B’, NEW DELHI
Before: SH. PRADIP KUMAR KEDIA & SH. SUDHIR KUMAR & Cross objection 47/Del/2024 Assessment Year: 2015-16
PER SUDHIR KUMAR, JM:
This appeal by the revenue is directed against the order of the National Faceless Appeal Centre Delhi/Commissioner of Income Tax (Appeals)[hereinafter referred to as “NFAC”] vide order dated07.11.2023 pertaining to A.Y. 2015-16. The cross
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objection no 47/Del/ 2024 has filed by the assessee in the appeal.
2 The assessee filed a letter dated 19-12-2024 to withdraw the cross objection before us stating that the assessee would be availing the Vivad Se Vishwas Scheme, 2024 introduced by the statue to settle the tax disputes prevailing in these years for which declaration in form No.1& 2 has already been filed.
Since the assessee had opted setting the dispute arising out of this appeal by availing VSVS scheme, 2024 the appeal filed by the revenue and cross objection filed by assessee is hereby treated as withdrawn with liberty to be given to the revenue & assessee to get these appealsrestored on an application made by it in the event of the declaration made underVSVS scheme, 2024 not attaining finality for any reason whatsoever.
With the above -mentioned liberty given to the revenue and assessee, the appeal filed by the revenue is hereby dismissed and cross objection filed by assessee is also dismissed as withdrawn.
In the result the appeal of the revenue and cross objection of the assessee are dismissed.
Order pronounced in the open court on 10.03.2025 (PRADIP KUMAR KEDIA)
JUDICIAL MEMBER
*NEHA, Sr. PS*
Date:-10.03.2025