2020 (12) TMI 1375 - AT - Income Tax

Settlement of dispute under Direct Taxes Vivad Se Vishwas Act 2020 - Assessee has filed Form No.1 2 for the appeal filed by the assessee and it has also received Form No.3. - HELD THAT - Since the issues contested in the appeal of the assessee have been settled under the Direct Taxes Vivad Se Vishwas Act 2010 we dismiss the appeal of the assessee as withdrawn. However we give liberty to the assessee to seek recall of this order in accordance with law if the circumstances so warrant.

Summary

The ITAT Bangalore dismissed the appeal of the assessee challenging an order from Ld CIT(A)-12, Bengaluru for the assessment year 2010-11. The assessee opted to settle the dispute under Direct Taxes Vivad Se Vishwas Act, 2020, and the appeal was dismissed as withdrawn. The assessee has the liberty to seek recall of the order if circumstances warrant.