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Facts
The assessee filed an appeal against the NFAC order for Assessment Year 2015-16. Subsequently, the assessee requested to withdraw the appeal, having opted to settle the dispute under the Direct Taxes Vivad Se Vishwas Scheme, 2024 (DTVSVS 2024) and furnished relevant declarations (Form 2 and acknowledgement), seeking liberty to revive the appeal if the scheme's benefit was not availed.
Held
The Tribunal dismissed the appeal as withdrawn, noting that the Revenue had no objection to the withdrawal. The assessee was granted liberty to revive the appeal if they failed to avail the benefits of the DTVSVS Scheme, 2024, thus ensuring no prejudice to either party.
Key Issues
Whether an appeal can be dismissed as withdrawn with liberty to revive, following the assessee's decision to settle the dispute under the Direct Taxes Vivad Se Vishwas Scheme, 2024.
Sections Cited
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Income Tax Appellate Tribunal, JODHPUR BENCH (Virtual
Before: DR. MITHA LAL MEENA, HONBLE & SHRI UDAYAN DAS GUPTA, HONBLE
This appeal by the assessee is directed against the order of the National Faceless Appeal Centre, Delhi (hereinafter referred to "the NFAC