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Income Tax Appellate Tribunal, “A” BENCH, PUNE
Before: SHRI INTURI RAMA RAO & SHRI S.S. VISWANETHRA RAVI
आदेश / ORDER
These cross-appeals preferred by the assessee and the Revenue emanates from the common order of the Ld. CIT(Appeal)-1, Nashik dated 21.05.2019 for the assessment year 2011-12 as per the grounds of appeal on record.
With regard to the assessee‟s appeal in the assessee submitted that he wants to withdraw the grounds of appeal in light of the assessee opting for resolution under the provisions enumerated in the Direct Tax Vivad Se Vishwas Act, 2020 („the VSV Act‟) and have filed withdrawal application along with Form-3 in this regard.
3. The Ld. DR has no objection in case the assessee wishes to withdraw the appeal. However, with respect to the Revenue‟s appeal in Ld. DR submitted that the Revenue is ready to withdraw the appeal under the circumstances if a conditional order is passed to that effect.
After hearing the parties herein, we permit the withdrawal of the appeal filed by the assessee and hence, appeal of the assessee is dismissed being withdrawn. We also dismiss the appeal of the Revenue as withdrawn with the condition that the Revenue is at liberty to file an application to restore the appeal before this Tribunal.
In the result, both, the appeal of the assessee and appeal of the Revenue are dismissed as withdrawn.
Order pronounced on 08th day of June, 2021. Sd/- Sd/- S.S. VISWANETHRA RAVI INTURI RAMA RAO JUDICIAL MEMBER ACCOUNTANT MEMBER पुणे / Pune; ददनांक / Dated : 08th June, 2021 SB आदेश की प्रधतधलधप अग्रेधषत / Copy of the Order forwarded to : अपीलाथी / The Appellant. 1. प्रत्यथी / The Respondent. 2.
The CIT(Appeal)-1, Nashik.