ITAT Chennai Dismisses Appeal as Infructuous Under VSV 2024

Padmash Leathers and Exports Pvt. Ltd. Vs ITO (ITAT Chennai) Income Tax Appellate Tribunal (ITAT) Chennai dismissed the appeal of Padmash Leathers and Exports Pvt. Ltd. after the assessee opted for the Vivad-se-Vishwas Scheme (VSV) 2024. The case pertained to Assessment Year 2014-15 and challenged an order passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi. The assessee submitted Form 1 DTVSV 2024 to settle the tax dispute under the scheme, making the appeal redundant. The assessee’s representative, Shri S. Sunil Kumar, informed the Tribunal tha...