Taxpayers Opting Vivad Se Vishwas Can Withdraw Appeals Without Prejudice

Ravi Shivangekar Vs ITO (ITAT Pune) The Income Tax Appellate Tribunal (ITAT) Pune dismissed the appeal in Ravi Shivangekar vs ITO after the assessee opted for the Direct Tax Vivad Se Vishwas Scheme 2024. The case involved an appeal against an order dated October 9, 2024, issued by the Commissioner of Income Tax (Appeals) – National Faceless Appeal Centre (NFAC) for the assessment year 2020-21. During the hearing, the assessee’s counsel informed the tribunal that an application had been submitted to resolve the dispute under the scheme, along with Form-1, while Form-2 was still awaited. The...