Withdrawal of tax appeal under Vivad Se Vishwas Scheme leaves liberty to revive proceedings if settlement is not accepted.

The appeal was dismissed as withdrawn after the assessee filed Form 1 opting for the Direct Tax Vivad Se Vishwas Scheme, 2024. Liberty was granted to restore the appeal if the assessee's application under the Scheme is not accepted. The operative effect is that the appellate proceedings stand closed for the time being, subject to reinstatement depending on the outcome under the settlement scheme.

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Outcome: The appeal was dismissed as withdrawn after the assessee opted for the Direct Tax Vivad Se Vishwas Scheme, 2024, with liberty to seek reinstatement if the application under the scheme is not accepted.

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