Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Article Section

Home Articles Income Tax LALIT MUNOYAT Experts This

Dismissal of ITAT Appeal on opting VsV scheme which is still pending disposal

Submit New Article

Discuss this article

Dismissal of ITAT Appeal on opting VsV scheme which is still pending disposal
LALIT MUNOYAT By: LALIT MUNOYAT
December 11, 2024
All Articles by: LALIT MUNOYAT       View Profile
  • Contents

VEERMATA JIJABAI TECHNOLOGICAL INSTITUTE VERSUS ACIT, CIRCLE – 2 MUMBAI - 2024 (12) TMI 556 - ITAT MUMBAI

One of the  Direct Tax Vivad Se Vishwas (DTVSV) Scheme’s key conditions is that the assessee must withdraw all pending appeals before any appellate forum, signifying their intention to resolve the matter through this settlement mechanism. In this case, the assessee opted for the DTVSV scheme, prompting the Income Tax Appellate Tribunal (ITAT) to dismiss the appeal as withdrawn, as the taxpayer no longer sought to pursue the dispute through the regular appellate route.

However, the ITAT provided a safeguard for the assessee, allowing the appeal to be reinstated if the application under the DTVSV scheme was not accepted due to non-fulfillment of its terms or rejection by the authorities. This provision ensures that the assessee retains the option to revive the appeal and continue litigation if the settlement fails, maintaining fairness and flexibility in the resolution process

 

By: LALIT MUNOYAT - December 11, 2024

 

 

Discuss this article

 

Quick Updates:Latest Updates