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Facts
The Revenue filed appeals challenging orders passed by the CIT(A) for assessment years 2014-15 and 2015-16. The assessee had opted for the Direct Tax Vivad Se Vishwas Scheme, 2024, and complied with its formalities, including paying the determined amount.
Held
The Tribunal noted that the assessee had opted for and completed the process under the Direct Tax Vivad Se Vishwas Scheme, 2024, leading to a full and final settlement of tax arrears. Therefore, the Tribunal accepted the assessee's prayer.
Key Issues
Whether the Revenue's appeals should be dismissed as the assessee has settled the tax arrears under the Direct Tax Vivad Se Vishwas Scheme, 2024.
Sections Cited
250
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Income Tax Appellate Tribunal, “G” BENCH, MUMBAI
Before: MS. PADMAVATHY SSHRI SANDEEP SINGH KARHAIL
Date of Hearing – 12/06/2025 Date of Order – 17/06/2025 O R D E R PER SANDEEP SINGH KARHAIL, J.M.
The Revenue has filed the present appeals challenging the separate impugned orders of even date 28.11.2024, passed under section 250 of the Income Tax Act, 1961 (“the Act”) by the learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, [“learned CIT(A)”], for the assessment years 2014-15 and 2015-16.
At the time of the hearing, the learned AR, appearing for the assessee, submitted that the assessee has opted for the Direct Tax Vivad Se Vishwas Scheme, 2024 and filed the declaration in Form no.1 in respect of both & 433/Mum/2025 (A.Ys. 2014-15 & 2015-16) 2 assessment years. The learned AR submitted that the assessee has received Form no.2, whereby the amount due to be payable by the assessee towards a full and final settlement of the tax arrears has been determined and the assessee has also paid the said amount. Furthermore, Form no.3 in respect of both assessment years has also been issued under the Direct Tax Vivad Se Vishwas Scheme, 2024. Accordingly, the learned AR prayed that the present appeals may be dismissed with the liberty to reinstate the appeals if the assessee’s applications under the Direct Tax Vivad Se Vishwas Scheme, 2024, are not accepted.
Accordingly, upon perusal of the aforesaid documents, we accept the prayer of the learned AR made on behalf of the assessee
In the result, both appeals by the Revenue are dismissed. Order pronounced in the open Court on 17/06/2025