The Chennai bench of the Income Tax Appellate Tribunal (ITAT) dismissed an appeal filed by the as infructuous after the assessee opted to settle the tax dispute under the Vivad-se-Vishwas Scheme 2024. The case pertained to the assessment year 2014-15.
The assessee, M/s. Padmash Leathers and Exports, had appealed against an order dated 14.03.2024, passed by the Commissioner of Income Tax (Appeals) [CIT(A)] for the assessment year (AY) 2014-15.
The assessee’s counsel informed the tribunal that the company had chosen to avail the Vivad-se-Vishwas Scheme 2024 to resolve the pending tax dispute. As part of the process, the assessee had submitted Form 1 DTVSV 2024 along with the necessary application to the Designated Authority. The counsel further stated that all due taxes had been paid and requested that the appeal be treated as infructuous.
The counsel on behalf of the department did not oppose the submissions made by the assessee’s counsel.
Comprehensive Guide of Law and Procedure for Filing of Income Tax Appeals, Click Here
The tribunal noted that the assessee had opted for the Vivad-se-Vishwas Scheme 2024 and had filed the requisite form under acknowledgement number 749364250111224. The tribunal also placed the acknowledgement on record.
Read more: Vivad Se Vishwas 2024: New FAQs from Income Tax Department Explained
The ITAT held that the appeal filed by the assessee was liable to be dismissed as infructuous as the assessee had already opted for the Vivad se Viswas scheme 2024.
The tribunal clarified that the assessee retains the right to approach the tribunal in the future by filing an appropriate application if any prejudice arises concerning the settlement of the tax dispute under the Vivad-se-Vishwas Scheme 2024.
The ITAT, comprising S.R. Raghunatha (Accountant Member) and S.S. Viswanethra Ravi (Judicial Member), dismissed the appeal filed by the assessee.
This order was passed in the open court on the order pronounced in the open court on 12th December, 2024, at Chennai.
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