Loading judgment…
Facts
The Assessee preferred an appeal against an order passed by the National Faceless Appeal Centre. The Assessee has opted for the Vivad Se Vishwas Scheme and filed Form-1.
Held
The appeal is liable to be dismissed as withdrawn because the Assessee has opted for the Vivad Se Vishwas Scheme. Liberty is granted to the parties to seek recall of the order in case of failure to pay the requisite amount under the scheme.
Key Issues
Whether the appeal should be dismissed as withdrawn due to the Assessee opting for the Vivad Se Vishwas Scheme.
Sections Cited
250 of the Income Tax Act, 1961
AI-generated summary — verify with the full judgment below
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 23.02.2024, impugned herein, passed by the National Faceless Appeal Centre/Ld. Commissioner of Income Tax (Appeals) (in short Ld. Commissioner) u/s 250 of the Income Tax Act, 1961 (in short ‘the Act’) for the A.Y. 2017-18.
In the instant case, as the Assessee has opted for Vivad Se Vishwas Scheme (in short “VSVS”) 2024 and filed Form-1 in this regard, thus, the appeal is liable to be dismissed as withdrawn with liberty to the parties to seek recall of this order, in case of failure of the Assessee to pay requisite amount as determined under VSVS 2024.
In the result, the appeal filed by the Assessee is dismissed as withdrawn, with liberty to the parties as mentioned above.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 09.12.2024.