TaxTMI 
TaxTMI 
Dismissal of ITAT Appeal on opting VsV scheme which is still pending disposal
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....ismissal of ITAT Appeal on opting VsV scheme which is still pending disposal<br>By: - LALIT MUNOYAT<br>Income Tax<br>Dated:- 11-12-2024<br><br>VEERMATA JIJABAI TECHNOLOGICAL INSTITUTE VERSUS ACIT, CIR....
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....CLE - 2 MUMBAI - 2024 (12) TMI 556 - ITAT MUMBAI One of the Direct Tax Vivad Se Vishwas (DTVSV) Scheme's key conditions is that the assessee must withdraw all pending appeals before any appellate for....
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....um, signifying their intention to resolve the matter through this settlement mechanism. In this case, the assessee opted for the DTVSV scheme, prompting the Income Tax Appellate Tribunal (ITAT) to dis....
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....miss the appeal as withdrawn, as the taxpayer no longer sought to pursue the dispute through the regular appellate route. However, the ITAT provided a safeguard for the assessee, allowing the appeal ....
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....to be reinstated if the application under the DTVSV scheme was not accepted due to non-fulfillment of its terms or rejection by the authorities. This provision ensures that the assessee retains the op....
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....tion to revive the appeal and continue litigation if the settlement fails, maintaining fairness and flexibility in the resolution process<br> Scholarly articles for knowledge sharing by authors, exper....
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....ts, professionals ....