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Facts
The assessee filed an appeal against an order passed by the PCIT under Section 263 of the Income Tax Act for AY 2020-21. The assessee has opted for the Vivas Se Vishwas Scheme (VSVS), and related proceedings are pending.
Held
The Tribunal noted that the assessee has opted for the VSVS scheme and the proceedings are pending. Considering this, the Tribunal dismissed the appeal as withdrawn.
Key Issues
Whether the appeal should be dismissed as withdrawn when the assessee has opted for the Vivas Se Vishwas Scheme and related proceedings are pending.
Sections Cited
263
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, Mumbai “A” Bench, Mumbai.
Before: Shri Sandeep Gosain(JM) & Shri Prabhash Shankar(AM)
O R D E R Per Sandeep Gosain (JM) :-
This appeal filed by the assessee against the order passed by Ld. PCIT under section 263 of the I.T. Act vide order dated 11.7.2024 for A.Y. 2020-21.
Ld. AR appearing on behalf of the assessee submitted at bar that the assessee has opted for Vivas Se Vishwas Scheme (VSVS) and DTVSV proceedings are pending before the Department. Considering the said fact, the appeal is dismissed as withdrawn with a liberty to revive the appeal, if the DTVSV application is rejected by the Department for any reason.
The appeal of the assessee is dismissed as withdrawn.
Order pronounced in the open Court on 17/06/2025.