Tribunal allows appeal withdrawal under Vivad Se Vishwas Act for disputed tax settlement

The Tribunal allowed the withdrawal of the appeal filed by the assessee against the order of the ld. CIT(A)-3, Jaipur for the A.Y. 2014-15. The assessee sought resolution under the Vivad Se Vishwas Act, 2020 for the settlement of disputed tax. The Tribunal acknowledged the assessee's intention to settle the matter under the scheme and dismissed the appeal as withdrawn on 22nd December 2020.

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Issues:
Withdrawal of appeal under Vivad Se Vishwas Act, 2020.

Analysis:
The appeal was filed by the assessee against the order of the ld. CIT(A)-3, Jaipur dated 23/03/2018 for the A.Y. 2014-15. The hearing of the appeal took place through a video conference due to the Covid-19 Pandemic. The assessee's counsel submitted an application for withdrawal of the appeal, citing the assessee's decision to seek resolution under the Vivad Se Vishwas Act, 2020 for the settlement of disputed tax. The application mentioned that the assessee had filed the necessary forms under the Act and received the certificate from PCIT-2, Jaipur. The ld DR did not object to the withdrawal of the appeal, acknowledging the assessee's intention to settle the matter under the Vivad Se Vishwas scheme.

The Tribunal, considering that the assessee had already initiated the process to settle the tax dispute under the Vivad Se Vishwas Act, 2020, allowed the withdrawal of the appeal. Consequently, the appeal of the assessee was dismissed as withdrawn. The order was pronounced in the open court on 22nd December 2020.

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