ITAT Allows Income Tax Appeal Withdrawals as Taxpayer Opts for Vivad Se Vishwas

Oxford University Press Vs DCIT (ITAT Mumbai) Income Tax Appellate Tribunal (ITAT) Mumbai has allowed Oxford University Press to withdraw its appeal against the final assessment order dated October 31, 2023, for the Assessment Year 2021-22. The appellant informed the tribunal that it intends to opt for the Vivad Se Vishwas Scheme (VSVS) 2024, a tax dispute resolution scheme introduced by the government. Instead of adjourning the hearing, the tribunal dismissed the appeal as withdrawn, allowing the assessee to revive it if the scheme application is unsuccessful. The counsel for the assessee sub...