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Facts
The appellant sought to withdraw the appeal, having availed the Vivad Se Viswas Scheme. Proof of tax payment and a settlement order from PCIT, Mumbai were submitted.
Held
The Tribunal noted the proof of tax payment under the Vivad Se Viswas Scheme and the settlement order. Consequently, the appellant's cross-objection was dismissed, and the Department's appeal was rendered infructuous and dismissed.
Key Issues
Whether the appeal could be withdrawn or dismissed as infructuous after availing the Vivad Se Viswas Scheme and settlement of dues.
Sections Cited
92(2), 93
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Income Tax Appellate Tribunal, Mumbai “A” Bench, Mumbai.
Before: Smt. Beena Pillai (JM) & Shri Omkareshwar Chidara (AM)
After perusing the Form No. 4 dated 31.12.2024 which is the proof of payment of tax, for availing VSV Scheme, it is observed that the disputed taxes were paid and Ld. PCIT, Mumbai had issued an order for full and final settlement of tax arrears under section 92(2) r.w.s. 93 of Finance Act (No. 2) Act 2024.
Hence, the appellant’s cross objection is dismissed and appeal of the Department becomes infructuous and dismissed.
Order pronounced in the open Court on 29/01/2025.