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Facts
The Revenue filed an appeal against the CIT(A)'s order for the assessment year 2014-15. The assessee's Authorized Representative requested to withdraw the appeal, stating that the assessee had opted to settle the tax dispute under the 'Vivad Se Vishwas Scheme, 2020' and had filed Form 5.
Held
The Tribunal dismissed the appeal filed by the Revenue. This dismissal was granted with the liberty for the Revenue to restore the appeal if the dispute is not ultimately settled as per the Vivad Se Vishwas Scheme. Both parties expressed no objection to this condition.
Key Issues
Whether the Revenue's appeal should be dismissed as the assessee opted to settle the dispute under the Vivad Se Vishwas Scheme, 2020.
Sections Cited
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Income Tax Appellate Tribunal, DELHI BENCH, ‘B’: NEW DELHI
Before: SHRI SHAMIM YAHYA & MS. ASTHA CHANDRA
Date of Hearing : 23.01.2024 Date of Order : 25.01.2024
ORDER PER SHAMIM YAHYA, ACCOUNTANT MEMBER : This appeal by the Revenue is directed against the order of the ld. CIT (Appeals)-15, New Delhi dated 15.11.2019 for the assessment year 2014-15.
Ld. AR for the assessee submitted that an application has been filed seeking withdrawal of the appeal on the ground that the assessee has opted to settle the dispute relating to the tax arrears for the assessment year under consideration under the “Vivad Se Vishwas Scheme, 2020” and has filed Form 5 issued by the Tax Department.
Keeping in view the aforesaid facts, present appeal is hereby dismissed with liberty to get it restored in case dispute is not settled as per scheme. Both the parties have no objection with regard to the aforesaid caveat. Consequently, the appeal filed by the Revenue is dismissed.
Order pronounced in the open court on this 25th day of January, 2024.