M/s Maventic Innovative Solutions Pvt Ltd - Dismissal of appeal by the CIT(A) on withdrawal by the assessee once the dispute is settled under the VSVs Act.


Quick Summary
The Income Tax Appellate Tribunal (ITAT) has dismissed the cross-appeals filed by both M/s. Maventic Innovative Solutions Private Limited and the Revenue. This decision was made after the assessee opted to settle the dispute under the Direct Tax Vivad Se Vishwas Act. The tribunal deemed it unnecessary to keep the appeals pending once a settlement under the Act was pursued.

Court :
ITAT Bangalore

Brief :
These cross appeals at the instance of the assessee andRevenue are directed against CIT(A)’s order dated 20.02.2018. The relevant assessment year is 2014-2015.

Citation :
ITA No.1090/Bang/2018

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1 Year PLAN
1999
(Excl. of GST ₹359)

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3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

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Published in Income Tax
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