Appeals filed by AAC India Pvt. ltd stands withdrawn since it wishes to settle the dispute through Vivad Se Vishwas Scheme

Last updated: 19 January 2021

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The Income Tax Appellate Tribunal has dismissed an appeal filed by AAC India Pvt. Ltd. The company requested the withdrawal of its appeal to settle the dispute through the Vivad se Vishwas Scheme. The Tribunal granted this request, with the condition that the appeal can be reinstated if the dispute is not resolved under the scheme.

Court :
ITAT New Delhi

Brief :
This appeal is filed by the assessee against the order dated 14/2/2019 passed by CIT(A)-32 for Assessment Year 2010-11.

Citation :
I.T.A. No. 3546/DEL/2019 (A.Y 2010-11)

IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH: ‘SMC-2’ NEW DELHI

BEFORE SHRI ANIL CHATURVEDI, ACCOUNTANT MEMBER
I.T.A. No. 3546/DEL/2019 (A.Y 2010-11)
(THROUGH VIDEO CONFERENCING)

AAC India
M-114, Malviya Nagar
Saket, New Delhi
AAACA7895N
(APPELLANT)

ITO
Ward-1(1)
New Delhi
(RESPONDENT)

Appellant by None
Respondent by Sh. Vinod Sharma, Sr. DR

Date of Hearing 28.12.2020
Date of Pronouncement 28.12.2020

ORDER

PER ANIL CHATURVEDI, AM

This appeal is filed by the assessee against the order dated 14/2/2019 passed by CIT(A)-32 for Assessment Year 2010-11.

2. Before us, the assessee has moved an application dated 28.12.2020 where in it is submitted that the assessee is interested to resolve the pending issue through Direct Tax “ Vivad se Vishwash Scheme” (VSV) Act, 2020, and therefore seeks withdrawal of appeal. Ld DR has no objection to the same.

3. In view of the aforesaid facts and after considering the request of the assessee, I dismiss the appeal of assessee as withdrawnsubject to a caveat that in case the dispute relating to tax arrearsfor the captioned assessment year is not ultimately resolved interms of the aforesaid Act, the assessee shall be at liberty to approach the Tribunal for reinstitution of the appeal and theTribunal shall consider directions the appeal of the assessee is dismissed as withdrawn.

4. In the result, appeal of the assessee is dismissed.

Order pronounced in the Open Court on 28.12.2020.

Sd/-
(ANIL CHATURVEDI)
ACCOUNTANT MEMBER

Dated: 28 /12/2020
R. Naheed *

Copy forwarded to:
1. Appellant
2. Respondent
3. CIT
4. CIT(Appeals)
5. DR: ITAT

ASSISTANT REGISTRAR
ITAT NEW DELHI

FAQ :

The appeal was withdrawn because AAC India Pvt. Ltd. wished to settle the dispute through the Direct Tax Vivad se Vishwas Scheme, 2020.

The Vivad se Vishwas Scheme is a direct tax dispute resolution scheme introduced in 2020.

The appeal was dismissed as withdrawn by the Tribunal.

Yes, the withdrawal is subject to the condition that if the dispute is not resolved under the Vivad se Vishwas Scheme, AAC India can apply to have the appeal reinstated.