ITAT Dismisses Appeal as Taxpyer Opts for Vivad Se Vishwas Scheme

Flovel Energy Pvt. Ltd Vs ACIT (ITAT Delhi) Income Tax Appellate Tribunal (ITAT), Delhi bench, has registered the dismissal of an appeal filed by Flovel Energy Pvt. Ltd. for the assessment year 2017-18. The action was taken by the tribunal after the company informed its decision to opt for settlement of the tax dispute under the Vivad Se Vishwas Scheme, 2024. The case before the ITAT, listed as ITA No. 4826/Del/2024, originated from the standard income tax assessment process. For the assessment year 2017-18, the tax affairs of Flovel Energy Pvt. Ltd. were scrutinised by the Assessing Officer (...