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    <title>2021 (8) TMI 1434 - ITAT CHENNAI</title>
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    <description>Under the Vivad se Vishwas Scheme, the Revenue&#039;s appeal was withdrawn after the assessee stated that the Department had accepted the settlement application and issued Form 3 quantifying the tax payable. The tribunal noted that Form 3 had been issued and that the assessee sought withdrawal of the appeal; the Department raised no objection. The appeal was therefore dismissed as withdrawn, with liberty reserved to restore the matter if the settlement application before the Designated Authority is later rejected for any reason.</description>
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      <link>https://www.taxtmi.com/caselaws?id=460550</link>
      <description>Under the Vivad se Vishwas Scheme, the Revenue&#039;s appeal was withdrawn after the assessee stated that the Department had accepted the settlement application and issued Form 3 quantifying the tax payable. The tribunal noted that Form 3 had been issued and that the assessee sought withdrawal of the appeal; the Department raised no objection. The appeal was therefore dismissed as withdrawn, with liberty reserved to restore the matter if the settlement application before the Designated Authority is later rejected for any reason.</description>
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