ITAT Ranchi Allows Withdrawal of Appeal Under VSV Scheme

Gajanand Bhalotia Vs ACIT (ITAT Ranchi) The Income Tax Appellate Tribunal (ITAT) Ranchi allowed the withdrawal of an appeal filed by Gajanand Bhalotia after he opted for the Vivad se Vishwas (VSV) Scheme. The assessee submitted a petition stating his intention to settle the tax dispute through the scheme, which has been extended until March 31, 2025. Given this decision, the Tribunal determined that keeping the appeal pending served no purpose. The withdrawal request was placed on record, and the Department Representative did not object. The ITAT dismissed the appeal as withdrawn but clarified...