RAM KRISHNA KHANDELWAL HUF,DHANBAD V. ITO, WARD 2(1), DHANBAD

ITA 295/RAN/2024

AI Insights

The case involves Ram Krishna Kandelwal, HUF, who filed an appeal against the order of the Commissioner of Income Tax (Appeals) - NFAC, Delhi. The appeal was related to the assessment year 2013-14. However, the assessee opted to withdraw the appeal after deciding to participate in the Vivad se Vishwas Scheme, 2024, a scheme aimed at resolving tax disputes. The tribunal acknowledged the withdrawal request, noting the approval of the assessee's application under the scheme by the Income Tax Department. The Departmental Representative for the Revenue did not object to the withdrawal.

• Counselvise Citation: [2025] 140 COUNSELVISE.COM (IT) 633650 (ITAT-RANCHI)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 10-06-2025
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2016-2017
• Laws Referred To: Finance (No.2) Act, 2024, Direct Tax Vivad se Vishwas Scheme, 2024
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: KHUBCHAND PANDYA

Judgement Text

"IN THE INCOME TAX APPELLATE TRIBUNAL, BEFORE AND RATNESH NANDAN SAHAY, ACCOUNTANT MEMBER Ram Krishna Ka Patherdih, Sudamdih Road, Dhanbad PAN/GIR No.AAKHRS 5187 D (Appellant Per Bench This appeal has been filed by the Assessee against the order passed by the Ld. Commissioner of Income Tax(Appeals) appeal No.NFAC/2015 2. Vide petition withdraw the present appeal since it has opted to avail benefit of Vivad se Vishwas Scheme, 2024 and i IN THE INCOME TAX APPELLATE TRIBUNAL, RANCHI BENCH, RANCHI BEFORE S/SHRI GEORGE MATHAN, JUDICIAL MEMBER AND RATNESH NANDAN SAHAY, ACCOUNTANT MEMBER ITA No.295/Ran/2024 ASSESSMENT YEAR: 2016-17 Ram Krishna Kandelwal, HUF, Patherdih, Sudamdih Road, Vs. Assessment Unit, NFAC, Delhi AAKHRS 5187 D (Appellant) .. ( Respondent Assessee by : None (withdrawal petition) Revenue by :Shri Khub Chand Pandya, Sr DR Date of Hearing : 10/06/202 Date of Pronouncement :10/06/202 O R D E R This appeal has been filed by the Assessee against the order passed by the Ld. Commissioner of Income Tax(Appeals)-NFAC, Delhi dated appeal No.NFAC/2015-16/10119425 for Assessment Year 2013 Vide petition, theassessee submitted before us that the assessee wants to withdraw the present appeal since it has opted to avail benefit of Vivad se Vishwas Scheme, 2024 and in its submission, the assessee has also enclosed P a g e 1 | 3 IN THE INCOME TAX APPELLATE TRIBUNAL, SHRI GEORGE MATHAN, JUDICIAL MEMBER AND RATNESH NANDAN SAHAY, ACCOUNTANT MEMBER Assessment Unit, NFAC, Delhi Respondent) None (withdrawal petition) Chand Pandya, Sr DR /2025 /2025 This appeal has been filed by the Assessee against the order passed by NFAC, Delhi dated 18.5.2024 in 16/10119425 for Assessment Year 2013-14. theassessee submitted before us that the assessee wants to withdraw the present appeal since it has opted to avail benefit of Vivad se submission, the assessee has also enclosed ITA No.295/Ran/2024 ASSESSMENT YEAR: 2016-17 P a g e 2 | 3 copies of Form No. 1 issued by the Pr. CIT of Income Tax, approving the applications filed by the assessee under the Vivad se Vishwas Scheme, 2024. It is stated that the assessee does not wish to pursue the present appeal since their application under Vivad se Vishwas Scheme, 2024 has been approved by the Income Tax Department and requested that their application for withdrawal of appeal may please be accepted. 3. In reply, Ld. Departmental Representative for the Revenue stated that he has no objection to withdraw of the present appeal. 4. We have considered the application of the assessee for withdrawal of the appeal on the ground that their application has been approved under Vivad se Vishwas Scheme, 2024. A reference has been made in sub-Section (1) and Undertaking given under sub-Section (4) of Section 91 of the Finance (No.2) Act, 2024 of Direct Tax Vivad se Vishwas Scheme, 2024 for the purpose of withdrawal of appeal. In the light of the provisions made in the Scheme and after considering the material on record, the aforesaid request for withdrawal of appeal of the assessee to avail the VSV Scheme, 2024 is hereby allowed. 5. In the result, the captioned appeal is dismissed as withdrawn. Order dictated and pronounced in the open court on 10/06/2025. Sd/- Sd/- (RATNESH NANDAN SAHAY) (GEORGE MATHAN) ACCOUNTANT MEMBER JUDICIAL MEMBER ITA No.295/Ran/2024 ASSESSMENT YEAR: 2016-17 P a g e 3 | 3 Ranchi; Dated 10/06/2025 B.K.Parida, SPS (OS) Copy of the Order forwarded to : By order Sr.Pvt.secretary ITAT, Ranchi 1. The Appellant : 2. The respondent: 3. The CIT(A) 4. Pr.CIT, 5. DR, ITAT, 6. Guard file. //True Copy// "