Dispute settled under VSV Scheme cannot be pursued in Appeal

Sanjay Subhashchand Gupta Vs ACIT (ITAT Mumbai)

ITAT find that the assessee had filed an application dated 30/03/2021 before the Tribunal seeking withdrawal of its appeal, as the assessee had opted for settlement of its tax dispute for the assessment year 2012–13 under the VSV Scheme. The acknowledged copy of the said application has been placed on record. We find that the aforesaid aspect was not brought to the notice of the Co–ordinate Bench of the Tribunal when the appeal was listed for hearing and, therefore, the order under section 254(1) of th

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