Appeal dismissed as withdrawn post initiation of proceeding under Vivad Se Vishwas Scheme

Scan Ispat Limited Vs DCIT (ITAT Raipur) ITAT Raipur held that the appeal is treated as withdrawn due to initiation of proceedings under Vivad Se Vishwas Scheme, 2024 (VSVS 2024) by filing of Form 1. Thus, present appeal dismissed as withdrawn. Facts- Scrutiny assessment of the assessee was completed against the assessee u/s 144 of the Act on 18.12.2017 by making an addition of Rs.3,43,00,000/- u/s 68 of the Act on account of unexplained cash credit received in the garb of share capital and share premium. Aggrieved with the aforesaid addition, assessee preferred an appeal before the Ld. CIT(A)...