Precomec Autocomp Private Limited Vs. ACIT, Circle 2(1), Faridabad
Parties Involved
Facts Summary
The present appeal has been filed by the assessee, Precomec Autocomp Private Limited, against the order dated 25.04.2024 passed by the learned Commissioner of Income-tax (Appeals) [CIT(A)] under section 250(6) of the Income-tax Act, 1961. During the hearing, the learned Authorized Representative (AR) for the assessee submitted that for the assessment year 2017-18, the assessee had opted for settlement under the Direct Taxes Vivad Se Vishwas Scheme, 2024, and therefore, wished to withdraw the present appeal. The Departmental Representative (DR) had no objection to the request for withdrawal.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the assessee can withdraw the appeal after opting for settlement under the Direct Taxes Vivad Se Vishwas Scheme, 2024.
Judgment Outcome
Decided in favour of Assessee.
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