ITAT dismisses Appeal as Taxpayer Opts for Settlement under Vivad Se Vishwas Scheme with Liberty to Restore

ITAT (Income Tax Appellate Tribunal) dismissed an appeal after the taxpayer opted for settlement under the Vivad se Vishwas scheme, with the liberty to restore the appeal if the settlement fails. The Vivad se Vishwas scheme was introduced to provide a mechanism for resolving pending tax disputes. The dismissal indicates the taxpayer's decision to utilize this scheme for dispute resolution, while retaining the option to revive the appeal if the settlement is unsuccessful.