GAIL India Appeal Dismissed After Opting for Vivad Se Vishwas

GAIL India Limited Vs ACIT (ITAT Delhi) Income Tax Appellate Tribunal (ITAT) Delhi dismissed GAIL India Limited’s appeal for the assessment year 2018-19 following the company’s decision to opt for the Vivad Se Vishwas Scheme, 2024. The appeal arose from the final assessment order issued by the Income Tax Department’s National Faceless Assessment Centre on July 25, 2022, under Section 143(3) read with Section 144C of the Income-tax Act, 1961. This order was based on directions provided by the Dispute Resolution Panel (DRP) on June 21, 2022, after the draft assessment order was initial...