Toyo Ink India Private Limited vs ACIT
Parties Involved
Facts Summary
This appeal was filed by Toyo Ink India Private Limited against the order of DRP New Delhi, dated 06/05/2022, passed under section 144C(5) of the Act for the Assessment Year 2018-19. The assessee opted to settle the disputes in appeal through the Direct Tax Vivad se Vishwas Scheme, 2024. Form 1 was filed on 31/01/2025, and Form 2 was issued by the Revenue on 03/03/2025. The assessee, through its counsel, submitted that it no longer wished to pursue the appeal and requested to withdraw it as it had become infructuous.…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Whether the appeal should be dismissed as the assessee has opted to settle the disputes under the Direct Tax Vivad se Vishwas Scheme, 2024.
Judgment Outcome
Decided in favour of Partly Assessee / Partly Revenue.
Similar Judgements
Emmsons International Ltd. vs DCIT
Delhi Bench benchAY 2017-18DismissedFocal Renewable Energy Two India Private Limited vs. ACIT & Focal Photovoltaic India Private Limited vs. ACIT
Delhi Bench benchAY 2016-17DismissedM/s Edfora Infotech Private Limited Vs. Assistant Commissioner of Income Tax
Delhi Bench ‘B’, New Delhi benchAY 2017-18DismissedIndia Luxco Retail Private Limited
Delhi Bench benchAY 2020-21DismissedSolenis Chemicals India Private Limited Vs. Assessment Unit, Income Tax Department
Mumbai benchAY 2020-21DismissedITA No. 106/Del/2024: Income Tax (Exemption) Vs. Sh. Chatrapati Shivaji
Delhi Bench ‘G’ New Delhi benchAY 2014-15Dismissed