OMPRAKASH AGARWAL,KOLKATA vs. I.T.O., WARD - 46(1), KOLKATA, KOLKATA

The present appeal has been preferred by the assessee against the order dated 31.05.2024 of the National Faceless Appeal Centre [hereinafter referred to as ‘CIT(A)’] passed u/s 250 of the Income Tax Act (hereinafter referred to as the ‘Act’).

At the outset, the ld. AR representing the assessee informed the Bench that the assessee had chosen to file an application under the Vivad Se Viswas (VSV) Scheme. Necessary forms for the scheme have already submitted by the assessee.

Based on the above, the assessee prayed before the Bench to allow the withdrawal of the appeal as the issues raised were being resolved under the VSV scheme.

On the other hand, the ld. DR did not object to the withdrawal request made by the assessee.

After hearing the submission made by both the parties and after reviewing the material on record, we acknowledge that the prayer for withdrawal considering the facts and issues that the assessee has opted to settle the dispute under the VSV scheme. Accordingly, we dismiss the present appeal as withdrawn.

In the result, the appeal of the assessee is dismissed as withdrawn.