Loading judgment…
Facts
The Assessee filed an appeal against the order of the Ld. Pr. Commissioner of Income Tax. The Assessee's representative stated that they had opted for the 'Direct Tax Vivad se Vishwas Scheme, 2024' and requested dismissal of the appeal with liberty to restore it if the application is rejected.
Held
The Tribunal noted the submission of the Assessee's representative regarding opting for the Vivad se Vishwas Scheme and the Department's no objection to withdraw the appeal. Consequently, the appeal was dismissed with liberty to the Assessee to seek restoration.
Key Issues
Whether the Assessee is allowed to withdraw the appeal due to opting for the Direct Tax Vivad se Vishwas Scheme.
Sections Cited
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, DELHI
Before: SHRI YOGESH KUMAR U.S. & SHRI MANISH AGARWAL
ORDER
PER YOGESH KUMAR, U.S. JM:
The present appeal is filed by the Assessee against the order of Ld. Pr. Commissioner of Income Tax- PCIT, Bareilly (‘Ld. Pr. CIT(A)’ for short), Bareilly dated 23/03/2024 for the Assessment Year 2018-19.
The Assessee’s Representative submitted that, Assessee has opted to avail benefits of ‘Direct Tax Vivad se Vishwas Scheme, 2024’ (‘DTVSVS’), therefore, sought for dismissal of the Appeal with a liberty to approach this Tribunal in case of rejection of application of the Assessee.
The Ld. Department's Representative submitted no objection to withdraw the caption Appeal.
Recoding the submission made by the Ld. Assessee’s Representative, we dismiss the Appeal of the Assessee with a liberty to get the Appeal restored if the application filed under the Scheme rejected for any reason.
In the result, appeal filed by the Assessee is dismissed as withdrawn.