Withdrawal of appeal under Vivad se Vishwas Scheme allowed, with liberty to seek reinstatement if settlement fails.

The Tribunal allowed withdrawal of the appeal after the assessee produced Form No. 4 showing settlement under the Vivad se Vishwas Scheme, 2020, and the Revenue raised no objection. The withdrawal was permitted subject to a caveat that, if the tax arrears dispute for the relevant assessment year is not finally resolved under the Scheme, the assessee may seek reinstatement of the appeal and the Tribunal will consider such request in accordance with law. For administrative purposes, the appeal was recorded as dismissed for statistical purposes only.

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Outcome: The appeal was permitted to be withdrawn and was dismissed for statistical purposes, with liberty reserved to seek restoration if the settlement under the Vivad Se Vishwas Scheme did not fructify.

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