Re: VSV Scheme
In how many Days can we expected the order for withdrawal of appeal from ITAT & CIT .. So that we can file form -4 of VSV Scheme
Please refer Circular No 9 of 2020 dated 22-4-2020 Q. No 43 . and answer by the CBDT wherein the CBDT clarified that , where the assessee has made request for withdrawal and such request is under process , proof of request made shall be enclosed . It is the designated Authority has to issue the certificate . Even for department appeal the assessee has to write to the ITAT giving proof of filling an application under Vsv Scheme . The ITAT will pass an order dismissing the appeal of the revenue and treat the appeal as withdrawn . The querist may refer Bhimaas Engineering and Projects Pvt Ltd v. Dy.CIT ( 20210 430 ITR 500( Mad) (HC) . Normally in Mumbai the ITAT fixes the hearing with in seven days of filing an application before the ITAT and pass the order on same day. As regards the matter pending before the CIT (A) mere acknowledgement showing an application for withdrawal is sufficient .
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