2020 (10) TMI 1257 - AT - Income Tax

Vivad Se Vishwas Scheme - HELD THAT - We dismiss this appeal as well as the Cross Objection as withdrawn with the condition that both the Revenue appeal as well as the Cross Objection shall be restored in case the authorities do not approve the application filed by the assessee for resolution of the dispute under Vivad Se Vishwas Scheme .

Summary

Issues: Appeal filed by Revenue and Cross Objection filed by assessee against CIT(A) order for AY 2008-09.

The judgment pertains to an appeal filed by the Revenue and a Cross Objection filed by the assessee against the order of the Learned Commissioner of Income Tax (Appeals)-20, Kolkata, for the Assessment Year 2008-09. The assessee had availed the "Vivad Se Vishwas Scheme" and filed an application in this regard. The counsel for the assessee requested an adjournment or protection, stating that if the application under the scheme is rejected, the Cross Objection should be restored. The appeal was dismissed, and the Cross Objection was withdrawn with the condition that both would be restored if the authorities did not approve the application for resolution under the scheme. Consequently, both the appeal filed by the Revenue and the Cross Objection filed by the assessee were dismissed as withdrawn.