2026 (7) TMI 1651

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....H KUMAR GUPTA For the Appellant : Ms. Rano Jain, Mr. Venketesh Chaurasia, Ms. Mansi Jain & Mr. Tanish Ahuja, Advs. For the Respondents : Mr. Shlok Chandra, SSC with Ms.Naincy Jain & Ms. Madhavi Shukla, JSCs and Mr. Udit Dad, Adv ORDER 1. Ms. Rano Jain, learned Counsel for the petitioner, informs the Court that for the Assessment Year 2018-19, the petitioner's assessment order was made ....

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..../NFAC, the petitioner preferred an appeal before the Income Tax Appellate Tribunal (hereinafter referred to as 'Tribunal') with a prayer that the order of the CIT(A)/NFAC be set aside as the petitioner's entire demand stands modified/satisfied in terms of the settlement under VSV Scheme. She further submitted that to utter surprise of the petitioner, the Tribunal, instead of passing an order in ac....

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....(A)/NFAC and the Tribunal. 7. Having heard learned Counsel for the parties, we find that the fact that the petitioner's application for settlement of the dues under VSV Scheme had been accepted and the fact that due amount had been deposited and Form No.4 has been issued on 14.05.2025, the adjudication or assessment for that particular year became conclusive and final. 8. It is admitted case....

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....at the CIT(A)/NFAC, having learnt about the factum of filing of application under the VSV Scheme and Form No.2 dated 16.01.2025 having been issued and produced, respondent ought to have stayed his hands off and rather than deciding the appeal, he should have disposed the appeal as withdrawn, once Form no.4 was issued. 10. The approach of the CIT(A)/NFAC has resulted in multiplicity of litigatio....