Veermata Jijabai Technological Institute Vs ACIT (ITAT Mumbai)
Income Tax Appellate Tribunal (ITAT), Mumbai, addressed the appeal filed by Veermata Jijabai Technological Institute against the order passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi. The appeal concerned the assessment for the year 2017-18, challenging the CIT(A)’s decision. During the hearing, the assessee’s representative informed the tribunal that the institute had opted for the Direct Tax Vivad Se Vishwas Scheme, 2024, a government scheme designed to resolve pending tax disputes.
As a result of this development, the ITAT dismissed the appeal filed by the assessee with the option to reinstate the appeal if the application under the Vivad Se Vishwas Scheme is not accepted. The tribunal’s decision to dismiss the appeal was based on the assessee’s initiative to settle the tax dispute under the scheme. The order was pronounced in open court on 29th November 2024, marking the conclusion of the matter unless the application under the Vivad Se Vishwas Scheme is rejected.
FULL TEXT OF THE ORDER OF ITAT MUMBAI
The assessee has filed the present appeal challenging the impugned order dated 03.10.2023, passed under section 250 of the Income Tax Act, 1961 (“the Act”) by the learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi [“learned CIT(A)”], for the assessment year 20 17-18.
