ITAT Dismisses Appeal with Option to Reinstate if VSV Application Rejected

Veermata Jijabai Technological Institute Vs ACIT (ITAT Mumbai) Income Tax Appellate Tribunal (ITAT), Mumbai, addressed the appeal filed by Veermata Jijabai Technological Institute against the order passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi. The appeal concerned the assessment for the year 2017-18, challenging the CIT(A)’s decision. During the hearing, the assessee’s representative informed the tribunal that the institute had opted for the Direct Tax Vivad Se Vishwas Scheme, 2024, a government scheme designed to resolve pending tax di...