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Facts
The assessee filed an appeal against the order of the CIT(A) for the Assessment Year 2020-21. Subsequently, the assessee filed a letter stating they had opted for the Vivad Se Vishwas Scheme, 2024, and requested to withdraw the appeal.
Held
The Tribunal noted the assessee's letter and their decision to opt for the Vivad Se Vishwas Scheme. Consequently, the appeal was dismissed as withdrawn.
Key Issues
Whether the appeal can be dismissed as withdrawn due to the assessee opting for the Vivad Se Vishwas Scheme, 2024.
Sections Cited
250 of the Income Tax Act, 1961
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Income Tax Appellate Tribunal, “SMC - A” BENCH : BANGALORE
Before: SHRI GEORGE GEORGE K
Per George George K, Vice President:
This appeal at the instance of the assessee is directed against the Order of CIT(A) dated 20.05.2024, passed under section 250 of the Income Tax Act, 1961 (hereinafter called ‘the Act’). The relevant Assessment Year is 2020-21.
Assessee has filed a letter dated 21.10.2024 in which it is stated that assessee has opted for Vivad Se Vishwas Scheme, 2024, and prayed for withdrawing this appeal. In light of the above letter, I dismiss the appeal of the assessee with a liberty to reinstate the appeal if its application under Vivad Se Vishwas Scheme, 2024, is not accepted.
In the result, appeal of the assessee is dismissed as withdrawn.