Transport Firm Withdraws ITAT Appeal After Opting Vivad Se Vishwas Scheme

Laxmi Road Lines Vs PCIT (ITAT Panaji) Panaji, Goa – A tax appeal lodged by M/s Laxmi Road Lines, a transport firm, before the Income Tax Appellate Tribunal (ITAT), Panaji bench, was dismissed as withdrawn on February 6, 2025. The withdrawal came after the company elected to resolve its tax dispute under the Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV). The appeal had challenged an order issued by the Principal Commissioner of Income Tax (PCIT) under the provisions of Section 263 of the Income Tax Act, 1961. According to the order pronounced by the ITAT Panaji bench, the assessee, M/...