Tax Appeal Dismissed After Assessee Opts for Vivad Se Vishwas Scheme

ACIT Vs Vipulbhai Labhubhai Patel (ITAT Ahmedabad) An appeal filed by the Income Tax Department against a taxpayer before the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has been dismissed as having become infructuous. The dismissal follows the assessee’s decision to settle the underlying tax dispute by availing the benefits of the Direct Tax Vivad Se Vishwas Scheme, 2024, a government initiative aimed at resolving pending tax litigations. The tribunal noted that with the assessee having paid the disputed amount under the scheme, the subject matter of the Revenue’s appea...