Facts
The assessee filed petitions stating their intention to proceed with the 'Vivad Se Vishwas' scheme. The scheme's application deadline was extended to March 31, 2025. The assessee has taken recourse to this settlement scheme.
Held
The appeals were treated as withdrawn by the assessee. The tribunal dismissed the appeals as withdrawn, with a provision for restoration if the assessee fails to achieve a logical end through the Vivad Se Vishwas Scheme.
Key Issues
Whether the appeals should be dismissed as withdrawn due to the assessee opting for the Vivad Se Vishwas scheme.
Sections Cited
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, RANCHI BENCH, RANCHI
Before: SHRI PARTHA SARATHI CHAUDHURY
O R D E R
At the outset the ld. AR of the assessee for the above captioned appeals had filed the following petition which is self-explanatory in nature:
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That as evident from the aforestated petition the said assesses have intended to proceed for the Vivad se Vishwas Scheme of the Department which is extended up to 31st March, 2025 as the date of final application. Having placed on record such petition it is clear that all these assesses are proceeding for Vivad Se Vishwas Scheme. Therefore, no purpose shall be served keeping these matters pending before the Tribunal since the assessee has taken recourse of settlement through the referred Scheme of the Department.
Accordingly, all these matters are treated as withdrawn, hence dismissed as withdrawn by the assessee with the rider that in case the assessee fails to achieve a logical end regarding the matters through the Vivad Se Vishwas Scheme meaning thereby if they cannot get through the said Scheme in such a case as per permissible parameters of law they shall be able to apply for restoration of these appeals. The Ld. DR fairly conceded to the above. The captioned assesses were represented through the petition filed on record by the Ld. AR.
In the result the appeals of the assesses are dismissed as withdrawn.
Order pronounced in the open court on 16 /01/2025.
Sd/- (Partha Sarathi Chaudhury) JUDICIAL MEMBER Ranchi; Dated 16 /01/2025 S.S, SPS Copy of the Order forwarded to: 1. The Appellant: Jawahar Lal Vig
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2. The Respondent: ACIT Central Circle