Ita/326/2013 Of Ajit Singh Rana v. Commissioner Of Income-Tax-I, Jldhr

IN THE HIGH COURT OF PUNJAB AND HARYANA|AT CHANDIGARH ITA No. 326 of 2013 (O&M) Date of decision: 13.11.2021 Ajit Singh Rana .... Appellant VeTSUS Commissioner of Income Tax-I, Jalandhar... Respondent Coram:Hon'ble Mr. Justice Jaswant SinghHon'ble Mr. Justice Sant Parkash |The aforesaid presence is being recorded through video conferencingsince the proceedings are being conducted in virtual court.| PresentMr. Maninder Arora, Advocate, for the applicant-appellant. Jaswant Singh, J. (Oral) The appellant-assessee has filed the instant appeal undersection 260-A of the Income Tax Act, 1961 (for short, 'the Act’), against theorder dated 11.12.2012 passed by the Income Tax Appellate Tribunal,Amritsar, whereby the penalty of Rs. | lac imposed by the Assessing Officerunder Section 271-BA of the Act for the assessment year 2005-06 wasupheld dismissing the appeal filed by the appellant. The appeal stands admitted vide order dated 16.9.2014 passedby this Court. Now CM No. 196-CII of 2021 has been filed by the applicant-appellant seeking permission to withdraw the appeal with liberty toapproach the respondent-department in order to settle the dispute under the“Direct Tax Vivad Se Vishwas Act, 2020”. Notice of the application, Mr. Vivek Sethi, learned Senior Standing Counsel acceptsnotice on behalf of the respondent-department and states that he has noobjection to the prayer made in the application. On the oral request made by learned counsel for the applicant-appellant, which is not objected to by learned counsel for Revenue, the mainappeal is taken up for hearing today itself. In view of the above, CM No. 196-CIlI of 2021 is allowed anITA No. 326 of 2013 is dismissed as withdrawn with lberty to theapplicant-appellant to approach the respondent-department in order to settlethe dispute under the “Direct Tax Vivad Se Vishwas Act, 2020”. (Jaswant Singh)Judge 13.1.2021joshi/vs (Sant Parkash)Judge Whether speaking/ reasonedYes/NoWhether ReportableYes/No