Vivad Se Vishwas Scheme 2024 opted by Assessee: ITAT dismisses Appeal as Withdrawn [Read Order]

The Allahabad Bench of the Income Tax Appellate Tribunal (ITAT),  dismissed an appeal filed by a resident of Clive Road, Civil Lines, Allahabad, after she opted to settle her tax dispute under the Vivad Se Vishwas Scheme, 2024.

The assessee, Priti Mishra, has appealed before the ITAT against the order passed by the Commissioner of Income Tax (Appeals) [CIT(A)] for the assessment year 2017-18, in which the latter upheld the penalty of Rs.  86,774 imposed under Section 270A of the Income Tax Act, 1961. 

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The assessee contended that the penalty was unjustified as the additions to her income were disclosed voluntarily during assessment proceedings. She also contended that her case qualified for immunity under Section 270AA of the Act, as the assessee had complied with all necessary conditions. 

During the hearing, the assessee’s counsel submitted before the ITAT bench an application informing the tribunal that she had availed the Vivad Se Vishwas Scheme, 2024, to resolve the dispute. Under this scheme, she paid the due taxes and received Form No. 3 from the department. As part of the settlement process, she was required to withdraw her appeal, which led to her request for dismissal.

Read more: Assessee opts for Vivad se Vishwas Scheme: ITAT allows assessee to withdraw appeal

Given the circumstances, the Senior Departmental Representative raised no objections to the withdrawal when he was consulted regarding the above issue.

In conclusion, the ITAT accepted the plea of the assessee and dismissed the appeal as withdrawn, which actually means that the legal proceedings came to an end.

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Read more: Huawei Telecommunications (India) Withdraws ITAT Appeals After Opting for Vivad se Vishwas Scheme

Vivad se Viswas Scheme 2024 can be understood as an efficient way to settle tax-related disputes and matters, especially when compared to the long court proceedings.

The ITAT bench of Allahabad, comprising Subhash Malguria (Judicial Member) and Nikhil Choudhary (Accountant Member), dismissed the assessee's appeal as withdrawn.

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