ITAT Mumbai Dismisses Appeal as Assessee Opts for Vivad Se Vishwas

Pesticides Manufacturers and Formulators Association of India Vs Income Tax Department (ITAT Mumbai) The Pesticides Manufacturers and Formulators Association of India filed an appeal before the ITAT Mumbai against the National Faceless Assessment Centre (NFAC), Delhi, regarding an assessment order under Section 143(3) of the Income Tax Act for the Assessment Year 2020-21. However, during the proceedings, the assessee’s representative (AR) informed the Tribunal that the assessee had opted for the Vivad Se Vishwas (VSV) Scheme, a government initiative aimed at resolving tax disputes. The asses...