Original assessment order settled under VsV Doesn’t mean settlement of appeal against rectification order

Inter Globe Air Transport Vs ACIT (ITAT Delhi) Introduction: The Income Tax Appellate Tribunal (ITAT) in Delhi has directed a re-adjudication in the Inter Globe Air Transport Vs Assistant Commissioner of Income Tax (ACIT) case, challenging the validity of a rectification order passed under Section 154 of the Income Tax Act. The case sheds light on issues related to the procedural correctness of the Act and the Direct Tax Vivad se Vishwas Act, 2020 (VsV Act). Analysis: The Inter Globe Air Transport case underlines the need for proper verification before passing a rectification order. The asse...