ITAT Rajkot Judgments — March 2021

The Tribunal allowed the assessees' request to withdraw the appeals, referencing provisions of the Vivad se Vishwas Scheme, 2020. The appeals were dismissed as withdrawn.

The Tribunal allowed the assessees' request to withdraw the appeals, referencing provisions of the Vivad se Vishwas Scheme, 2020. The appeals were dismissed as withdrawn.

The Tribunal considered the submissions and applications for withdrawal. It allowed the requests for withdrawal of appeals to avail the VSV Scheme, 2020, in accordance with law.

The Tribunal considered the submissions and applications for withdrawal of appeals under the Vivad se Vishwas Scheme, 2020. The requests for withdrawal were allowed in accordance with the law.

The Tribunal held that the sale of land parcels was not a business activity, but rather a realization of capital investments. The assessee's conduct, including holding the land for several years and declaring it as a capital asset in wealth tax returns, supported this view.

The tribunal considered the submissions and applications for withdrawal of appeals under the Vivad se Vishwas Scheme, 2020. The requests were allowed in accordance with the law.

The Tribunal, in view of the assessee's request and the no objection from the revenue, dismissed the appeal as withdrawn.