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2024 (3) TMI 32 - ITAT DELHIValidity of Revision u/s 263 - assessment order as already been settled under VSVS - HELD THAT:- As decided in Swatiben Biharilal Parekh [2023 (10) TMI 42 - GUJARAT HIGH COURT] as find that the Hon'ble Court has been pleased to observe opting the VSV Scheme and finalizing thereof is nothing but the closure of disputes in respect of tax arrears which cannot be subsequently reopened by issuing notice u/s 263 of the Act for revising the assessment order. Hence, we hold that the order passed u/s 263 on the assessment order which has already been settled under VSVS is invalid and the same is liable to be dismissed and quashed accordingly.
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