ITAT allows Withdrawal of Appeals as taxpayer opted for Vivad Se Vishwas Scheme

DCIT Vs Danfoss Power Solutions India Pvt. Ltd. (ITAT Pune) Income Tax Appellate Tribunal (ITAT) Pune dismissed the appeal filed by the Deputy Commissioner of Income Tax (DCIT) against Danfoss Power Solutions India Pvt. Ltd. The appeal was related to the assessment year 2007-08, and it originated from the order of the Commissioner of Income Tax (Appeals)-38, New Delhi, dated September 21, 2017. However, during the proceedings, Danfoss Power Solutions requested to withdraw the appeal as it opted for the Vivad Se Vishwas Scheme, 2020, a government initiative to settle pending direct tax disputes...