https://www.taxtmi.com/caselaws?id=751349 The Delhi HC allowed a writ petition challenging revenue's rejection of a settlement application under the VSV scheme. Revenue rejected the application because the assessee sought to settle only one pending matter rather than all appeals. Following the precedent in MUFG Bank Ltd, the court held that an assessee has discretion to settle any single appeal under the VSV Act without being required to settle all pending appeals. The unit of settlement is individual appeals, not assessment years. The rejection order was set aside. en-us Fri, 22 Mar 2024 00:00:00 +0530 Mon, 15 Apr 2024 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751349 The Delhi HC allowed a writ petition challenging revenue's rejection of a settlement application under the VSV scheme. Revenue rejected the application because the assessee sought to settle only one pending matter rather than all appeals. Following the precedent in MUFG Bank Ltd, the court held that an assessee has discretion to settle any single appeal under the VSV Act without being required to settle all pending appeals. The unit of settlement is individual appeals, not assessment years. The rejection order was set aside. Case-Laws Income Tax Fri, 22 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751349