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Income Tax Appellate Tribunal, DELHI BENCH: ‘A’ NEW DELHI
Before: SHRI SAKTIJIT DEY & DR. B.R.R. KUMAR
ORDER PER SAKTIJIT DEY, JM: This is an appeal by the Revenue against order dated 22.04.2016 of learned Commissioner of Income Tax (Appeals)-32, New Delhi, for the assessment year 2013-14.
When the appeal was called for hearing, none appeared on behalf of the assessee. However, the assessee has furnished letter dated 22.02.2023 intimating that the dispute between the assessee and the Revenue has been settled under Direct Tax Vivad Se Vishwas Act, 2020. A copy of From 5 issued by the designated authority has also been enclosed to the aforesaid letter.
Learned Departmental Representative fairly accepted the aforesaid factual position.
On perusal of materials on record, it is observed that accepting assessee’s declaration under Direct Tax Vivad Se Vishwas Act, 2020, the designated authority has issued Form 5 on 11.06.2021. Thus, for all practical purposes, the dispute arising in the present appeal has been settled.
In view of the aforesaid, the appeal of the Revenue is deemed to be withdrawn, hence, dismissed.
In the result, the appeal is dismissed.
Order pronounced in the open court on 24th April, 2023