The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal filed by the assessee due to opting for resolution under the Direct Tax Vivad Se Vishwas, 2024 ( DTVSV ) Scheme. The tribunal allowed the withdrawal of the appeal while incorporating a conditional clause permitting revival if the benefits under the scheme were not realized due to technical issues.
Ram Ji Lal, the assessee, had filed the appeal challenging the order dated 21.03.2024 passed by the Commissioner of Income Tax (Appeals). The appeal was related to a dispute regarding his income tax assessment for the financial year 2006-07.
The assessee submitted that he had opted for the Vivad Se Vishwas, 2024 Scheme by filing an application to settle the tax dispute. In response, the Income Tax Department issued Form No. 2 on 27.11.2024 indicating preliminary acceptance of the application.
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During the hearing, the counsel for the assessee requested the tribunal to allow the withdrawal of the appeal based on the pending resolution under the Vivad Se Vishwas Scheme. The revenue representative was unable to challenge the request due to a lack of detailed counterarguments.
The two-member bench comprising Rajpal Yadav (Vice President) and Krinwant Sahay (Accountant Member) dismissed the appeal as withdrawn. The tribunal allowed a provision for the revival of the appeal if the assessee fails to obtain the benefits under the Vivad Se Vishwas Scheme due to technical reasons.
The revival would require the filing of a Miscellaneous Application within the limitation period specified under Section 254(2) of the Income Tax Act. The appeal was dismissed as withdrawn.
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