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Facts
India Luxco Retail Pvt. Limited filed an appeal against an order for the assessment year 2020-21. During the appellate proceedings, the assessee chose to settle the dispute under the Direct Tax Vivad se Vishwas Scheme, 2024 (DTVSVS) and submitted the requisite forms.
Held
The Income Tax Appellate Tribunal acknowledged the assessee's decision to resolve the matter through the DTVSVS 2024. Consequently, noting the assessee's choice, the tribunal dismissed the appeal as withdrawn.
Key Issues
Whether an appeal should be adjudicated when the assessee has opted to settle the dispute under the Direct Tax Vivad se Vishwas Scheme, 2024.
Sections Cited
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, [ DELHI BENCH: ‘H’ NEW DELHI ]
Before: SHRI YOGESH KUMAR U.S. & SHRI AVDHESH KUMAR MISHRA
order dated 29.07.2024 passed by the National Faceless Appeal Centre (NFAC) New Delhi, for the assessment year 2020-21.
Ld. Counsel for the Assessee vide letter dated 24/03/2025 submitted that the Assesseehad opted to settle the dispute in appeal through Direct Tax Vivad se Vishwas Scheme, 2024 and accordingly submitted Form 1 and 2 issued under the said scheme.
Heard rival submissions, perused Form 1 and 2 filed by the Assessee issued under DTVSVS 2024. Since the Assessee opted to settle the dispute involved in the present appeal under DTVSVS, the instant appeal is dismissed as withdrawn.
Order pronounced in the open court on : 24/03/2025