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of <h1>Tax appeal rendered moot by settlement under Vivad Se Vishwas Act, 2020. Civil Appeal disposed of as infructuous.</h1> The Supreme Court heard a case where the appeal became infructuous due to the full and final settlement of tax arrears under the Direct Tax Vivad Se ... TP Adjustment - selection of comparable - Treatment of forex gain/loss - HELD THAT:- As stated at the Bar that this Appeal has been rendered infructuous and could be disposed of in view of order of full and final settlement of tax arrears being passed u/s 5(2) r.w.s. 6 of the Direct Tax Vivad Se Vishwas Act, 2020 and the Direct Tax Vivad Se Vishwas Rules, 2020. The submission of Additional Solicitor General appearing for the appellant and learned counsel for the respondent is placed on record. Accepting the aforesaid submission, the Civil Appeal is disposed of as having been rendered infructuous. Issues involved: Appeal rendered infructuous due to full and final settlement of tax arrears under Direct Tax Vivad Se Vishwas Act, 2020.Summary:The Supreme Court, comprising of Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Ujjal Bhuyan, heard the matter where the appeal was rendered infructuous as a result of the full and final settlement of tax arrears under Section 5(2) read with Section 6 of the Direct Tax Vivad Se Vishwas Act, 2020 and the Direct Tax Vivad Se Vishwas Rules, 2020. The submission of the learned Additional Solicitor General for the appellant and the counsel for the respondent was accepted, leading to the disposal of the Civil Appeal as having been rendered infructuous. Any pending applications were also directed to be disposed of accordingly.
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