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Facts
The assessee preferred an appeal against an order for AY 2013-14. The assessee opted for the Vivad Se Vishwas Scheme, and the requisite amount was determined on 10.12.2024. The Ld. D.R. did not refute the assessee's claim.
Held
The appeal was dismissed as withdrawn due to the assessee opting for the Vivad Se Vishwas Scheme. However, the parties were granted liberty to seek recall of the order if they failed to deposit the requisite amount or settle the dispute through the scheme.
Key Issues
Whether the appeal should be dismissed as withdrawn upon the assessee opting for the Vivad Se Vishwas Scheme.
Sections Cited
250 of the Income Tax Act, 1961
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Income Tax Appellate Tribunal, MUMBAI BENCH SMC”, MUMBAI
Before: SHRI NARENDER KUMAR CHOUDHRY
Per : Narender Kumar Choudhry, Judicial Member:
This appeal has been preferred by the Assessee against the order dated 13.05.2024, impugned herein, passed by the National Faceless Appeal Center (NFAC)/Ld. Commissioner of Income Tax (Appeals) (in short Ld. Commissioner) under section 250 of the Income Tax Act, 1961 (in short ‘the Act’) for the A.Y. 2013-14.
In the instant case, the Assessee has opted for Vivad Se Vishwas Scheme, (in short “VSVS”) 2024 and in pursuance to that has filed Form No.2 wherein requisite amount has already been determined on 10.12.2024 by the concerned authority under VSVS 2024.
The Ld. D.R. did not refute the claim of the Assessee.
Consequently, the appeal of the Assessee deserve dismissal being withdrawn, however, with liberty to the parties to seek recall of this order, in case of failure to deposit the requisite amount and/or failing to settle the dispute through VSVS 2024.
In the result, the appeal filed by the Assessee is dismissed as withdrawn with liberty to the parties as mentioned above.
Order pronounced in the open court on 12.12.2024.