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    <title>Exercise of option to withdraw pending application under sub-section (1) of section 245M of the Income-tax Act, 1961</title>
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    <description>Withdrawal of a pending settlement application must be intimated to the Assessing Officer using the prescribed form, identifying the applicant by PAN or Aadhaar and giving application and bench details. The applicant must affirm that the application was not declared invalid under the Act&#039;s invalidity provisions and that no closure order under the Act was issued on or before 31st January, 2021. The form contains a verification clause requiring the declarant to confirm capacity to verify under the tax verification provision and accuracy of the information.</description>
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      <description>Withdrawal of a pending settlement application must be intimated to the Assessing Officer using the prescribed form, identifying the applicant by PAN or Aadhaar and giving application and bench details. The applicant must affirm that the application was not declared invalid under the Act&#039;s invalidity provisions and that no closure order under the Act was issued on or before 31st January, 2021. The form contains a verification clause requiring the declarant to confirm capacity to verify under the tax verification provision and accuracy of the information.</description>
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