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Income Tax Appellate Tribunal, DELHI BENCH “F”, DELHI
Before: SH. PRADIP KUMAR KEDIA & SH. SUDHIR KUMAR
ORDER PER SUDHIR KUMAR, JUDICIAL MEMBER:
This appeal by the assessee is directed against the order of the National Faceless Appeal Centre/ Commissioner of Income Tax (Appeals) [hereinafter referred to as “NFAC)”] vide order dated 19.09.2024 pertaining to A.Y. 2015-16.
At the outset, the assessee has moved an application that the assessee in the above appeal is willing to settle the dispute Under the Vivad Se Vishwas Scheme 2024. The assessee has opted to settle the dispute relating to the tax arrears under “Vivad Se Vishwas Scheme, 2024”, therefore, the appeal filed by the assessee is liable to be dismissed.
However, it is submitted by the appellant that the aforesaid be subjected to a caveat that in case the dispute relating to tax arrears for the assessment year under consideration is not ultimately resolved in terms of the afore-stated Scheme, the appellant shall be at liberty to approach the Tribunal for reinstitution of the appeal and the Tribunal shall consider such application appropriately as per law. As the learned DR has no objection with regard to the aforesaid caveat, accordingly, we hold so.
In view of the aforesaid, the appeal of the assessee is dismissed as withdrawn.
Order pronounced in the open court on 04.03.2025.