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Facts
The assessee appealed against an order of the NFAC dated 18.03.2024, concerning an assessment framed under sections 143(3) and 147 of the Income-tax Act, 1961, for the Assessment Year 2012-13. The appellant's representative stated that the assessee had opted to settle the dispute under the Direct Tax Vivad Se Vishwas Scheme, 2024.
Held
The Tribunal noted that the assessee sought withdrawal of the appeal due to opting for the Vivad Se Vishwas Scheme. The revenue did not dispute this withdrawal request. Accepting the AR's prayer, the appeal was considered for dismissal.
Key Issues
Whether the appeal can be dismissed as withdrawn on the grounds of opting for the Direct Tax Vivad Se Vishwas Scheme, 2024.
Sections Cited
143(3), 147, Income-tax Act, 1961, Direct Tax Vivad Se Vishwas Scheme, 2024
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, “SMC” BENCH, AGRA
Before: SHRI SATBEER SINGH GODARA & SHRI MANOJ KUMAR AGGARWAL
This assessee is in further appeal before us against the order of NFAC, Delhi DIN and Order No. ITBA/NFAC/S/250/2023- 24/1062815339(1) dated 18.03.2024 in the matter of an assessment framed by Ld. AO u/s 143(3) r.w.s 147 of the Income-tax Act, 1961, hereinafter referred to as the ‘Act’.
The Ld. AR stated that the assessee has opted to settle the dispute under Direct Tax Vivad Se Vishwas Scheme, 2024 and accordingly, the assessee seeks withdrawal of the appeal. The relevant forms have been placed on record. The revenue did not dispute the same.
Accepting the prayer of Ld. AR, the appeal is dismissed as withdrawn in above terms subject to all just exceptions.
Order pronounced in the open court on 10th February, 2025.