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Facts
Two separate appeals were filed by the assessee against orders of the CIT(A) for Assessment Years 2013-14 and 2014-15. The appeals were disposed of by a common order for convenience.
Held
The counsel for the assessee informed the tribunal that the tax dispute had been settled under the Direct Tax 'Vivad Se Vishwas Act, 2020'. The assessee requested permission to withdraw the appeals.
Key Issues
Whether the assessee can withdraw the appeal due to settlement under the Vivad Se Vishwas Act.
Sections Cited
Direct Tax Vivad Se Vishwas Act, 2020
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Income Tax Appellate Tribunal, “SMC” BENCH, MUMBAI
Before: SHRI NARENDRA KUMAR BILLAIYA, HON’BLE & SHRI SUNIL KUMAR SINGH, HON’BLE
Both these appeals are disposed of by this common order for the sake of convenience.
At the very outset, the Counsel for the assessee stated that the tax dispute has been settled under the Direct Tax ‘Vivad Se Vishwas Act, 2020’, therefore, the assessee may be allowed to withdraw the appeal.
On such concession both these appeals are dismissed as withdrawn.
Order pronounced in the open Court on 23rd September, 2024 at Mumbai.