M/s. Applied Materials India Private Limited Vs. The Deputy Commissioner of Income Tax
Case No: ITA No.217/Bang/2024
Court: INCOME TAX APPELLATE TRIBUNAL, 'A' BENCH, BANGALORE
Date: 1/24/2025
Parties Involved
appellantM/s. Applied Materials India Private Limited
respondentThe Deputy Commissioner of Income Tax
Facts Summary
The present appeal arises from the order of the ld. CIT(Appeals), Bengaluru-12 dated 11.12.2023, relating to the assessment year 2015-16. During the hearing on 16.01.2025, the ld. counsel for the assessee informed the Tribunal that the assessee had opted for the Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV Scheme). The concerned authority had issued Form 2, determining the tax liability to be paid by the assessee for finally setting the dispute. The assessee had paid the outstanding tax as de…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the appeal can be withdrawn as the assessee has settled the dispute under the DTVSV Scheme-24.