ITAT dismisses Appeal as Withdrawn after Assessee opts for Settlement of Dispute under DTVSV Scheme [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata dismissed an appeal regarding the settlement of dispute under the Direct Tax Vivad Se Viswas (DTVSV) Scheme, 2024 as withdrawn.
ITAT - DTVSV Scheme - taxscan
ITAT - DTVSV Scheme - taxscan
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT), dismissed an appeal filed by the assessee, after she chose to settle the dispute under the Direct Tax Vivad Se Viswas (DTVSV) Scheme, 2024.
The Appeal was filed by Santhoshi Devi Soni, against the order dated 31.07.2023 passed by the National Faceless Appeal Centre under Section 250 of the Income Tax Act, 1961 for the Assessment Year 2014-15.
The hearing for the Appeal was concluded on February 11, 2024, as of the Date of pronouncement of the Order by a Two-Member Bench comprising of Sonjoy Sarma, Judicial Member, and Rakesh Mishra, Accountant Member.
During the proceedings, R.K Singh, Authorized Representative (AR), who appeared on behalf of the assessee, stated the conscious decision of the assessee before the bench, to resolve the ongoing tax dispute under the provisions of the DTVSV Scheme, 2024. Consequently, R.K Singh (AR), on behalf of the assessee, requested the bench to permit the appeal to be withdrawn.
In response to the request made by the AR, Manas Mondal, Additional Commissioner of Income Tax (Addl. CIT) and Senior Departmental Representative (Sr. DR), who appeared on behalf of Revenue, did not raise any objection to the withdrawal request made by the assessee. This step streamlined the consensus between both the parties.
After hearing and considering the submissions submitted by both the appellant and the Respondent, and even reviewing the available material on record, the Bench acknowledged the decision in favour of the Appellant to settle the Dispute under DTVSV Scheme, 2024.
The bench recognized the effectiveness of the appeal with this scheme as it provides certainty to the taxpayers and even reduces the burden of Litigation on the Tribunal as a whole, which ultimately became an important pillar for the withdrawal of this appeal.
Accordingly, the bench dismissed the present appeal as withdrawn thereby, allowing the assessee to settle the Dispute.
Thus, the Legal proceedings concluded with the passing order dated February 11, 2024.
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