IG Watteeuw International vs ACIT, Circle International Tax - 2(1)(1)
Parties Involved
Facts Summary
The assessee, IG Watteeuw International, filed an appeal against the assessment order dated 21.07.2022 issued by the ACIT, Circle International Tax-2 (1)(1), Delhi. This order was framed following the directions of the Dispute Resolution Panel (DRP)-1, New Delhi dated 27.05.2022, under sections 143(3) and 144C(13) of the Income Tax Act, 1961. During the hearing, it was revealed that the assessee had filed an application under the 'Direct Tax Vivad Se Vishwas Scheme, 2024' and had submitted Form 1 & 2, but Form 4 had not been issued by the prescribed authority. The Revenue did not dispute the assessee's claims at this stage.…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Whether the appeal should be dismissed as withdrawn under the Direct Tax Vivad Se Vishwas Scheme, 2024.
Judgment Outcome
Decided in favour of Partly Assessee / Partly Revenue.
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