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Facts
The assessee filed two appeals against assessment orders for AY 2014-15 and 2015-16, passed under sections 147 read with 144 of the Income-tax Act, 1961. Subsequently, the assessee applied to withdraw the appeals, stating they had opted to settle the dispute under the Vivad Se Vishwas Scheme, 2020 (2.0).
Held
The Tribunal accepted the assessee's application for withdrawal, noting that the Revenue did not dispute this. Consequently, both appeals were dismissed as withdrawn, subject to all just exceptions.
Key Issues
Whether the appeals filed by the assessee should be dismissed as withdrawn due to the assessee's decision to settle the dispute under the Vivad Se Vishwas Scheme, 2020.
Sections Cited
Section 147 of the Income-tax Act, 1961, Section 144 of the Income-tax Act, 1961, Vivad Se Vishwas Scheme, 2020
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, DELHI BENCH ‘G’ NEW DELHI
Before: SHRI SATBEER SINGH GODARA & SHRI BRAJESH KUMAR SINGH
O R D E R PER BENCH: Thess assessee’s twin appeals & 4623/Del/2024 for assessment years 2014-15 and 2015-16, arise against National Faceless Appeal Centre (NFAC), Delhi’s DIN and orders nos. ITBA/NFAC/S/250/2024- 25/1067465132(1) & ITBA/NFAC/S/250/2024-25/1067465675(1) of even date 08.08.2024, in case nos. NFAC/2013-14/10117475 & NFAC/2014-15/10117476, respectively, in proceedings u/s 147 read with section 144 of the Income-tax Act, 1961, hereinafter referred to as the ‘Act’.
Heard both the parties. Case file perused.
It transpires that the assessee herein has filed identical application(s) dated 25.12.2024 stating therein that for the impugned assessment years, he has opted to & 4623/2024 settle the dispute under the Vivad Se Vishwas Scheme, 2020 (2.0) and wishes to withdraw the instant appeals. The Revenue is very fair in not disputing all these averments at this stage. Dismissed as withdrawn.
This assessee’s twin appeals & 4623/Del/2024 stand dismissed as withdrawn subject to all just exceptions. A copy of this common order be placed in the respective case files.
Order pronounced in open court on 27.12.2024.