2021 (2) TMI 1314 - AT - Income Tax

Vivad Se Vishwas Scheme, 2020 - assessee requested for withdrawal of the appeals and stated that the assessee has opted to settle the dispute relating to the tax arrears for the assessment years under consideration under the Vivad Se Vishwas Scheme, 2020 - HELD THAT - As we accept the request of the assessee for withdrawal of the appeals. In the result, the appeals of the assessee are dismissed as withdrawn. Above decision was announced on conclusion of Virtual Hearing in the presence of both the parties on 17th February, 2021.

Summary

The Appellate Tribunal ITAT Delhi allowed the assessee's appeal against the Commissioner of Income Tax's order for assessment years 2004-05, 2005-06, and 2006-07. The assessee opted to settle tax arrears under the Vivad Se Vishwas Scheme, 2020, leading to withdrawal of the appeals. The decision was announced on 17th February, 2021 after a Virtual Hearing.