ITAT Chennai Judgments — August 2021

The ITAT noted that the assessee has filed an application for withdrawal of the appeal under the Vivad se Vishwas Scheme and the Department has issued Form 3. Therefore, the appeal was dismissed as withdrawn.

The tribunal condoned the delay in filing the appeal. Subsequently, considering the assessee's decision to settle the dispute under the Vivad se Vishwas Scheme, the appeal was dismissed as withdrawn.

The Tribunal held that the reopening of assessment beyond four years was invalid as there was no finding of failure on the part of the assessee to disclose material facts. The Assessing Officer and CIT had previously indicated to the Audit party that there was no escapement of income.

The Tribunal condoned the delay in filing the appeal. Subsequently, considering the assessee's application under the Vivad se Vishwas scheme and the Department's acceptance, the appeal was dismissed as withdrawn.

The Tribunal permitted the assessee to withdraw the appeal as they had opted for the Vivad-se-Vishwas Scheme. The assessee can approach the Tribunal if any injustice arises from the settlement.

The Tribunal permitted the assessee to withdraw the appeal as they had opted for the Vivad-se-Vishwas Scheme. The assessee can approach the Tribunal again if any injustice arises from the settlement.

The Tribunal noted that the assessee has filed an application under the Vivad se Vishwas Scheme and the Department has issued Form 3. Therefore, the appeal was dismissed as withdrawn.