PUSHPA HARSHADRAI PAREKH,MUMBAI vs. ITO-32(2)(1), MUMBAI

PER OM PRAKASH KANT, AM

This appeal by the assessee is directed against order dated
17.05.2024 passed by the Ld. Commissioner of Income-tax
(Appeals) – National Faceless Appeal Centre, Delhi [in short ‘the Ld.
CIT(A)’] for assessment year 2018-19, raising following grounds:
1. In the facts and circumstances of the case and in law the Assessing Officer erred in adding 36,49,473 being the difference between the sales consideration and stamp value of Pushpa Harshadari Parekh
2
the said property sold during the year without referring the same to DVO and without granting video conferencing for personal hearing.
2. The Assessing Officer wrongly charged interest u/s. 234
and initiated penalty u/s. 270A.
3. In the facts and the circumstances of law, the Ld
Commissioner of Income Tax(A) erred in confirming all the mentioned grounds without granting video conferencing
B. Relief Prayed:
The appellant therefore prays as follows,
1. To delete the addition of Rs 3649473/-
2. To delete the interest charged u/s 234 and initiation of penalty u/s 270A.
2. At the outset, the Ld. counsel for the assessee submitted that assessee has opted to settle the issue in dispute involved in the present appeal under the ‘Direct Tax Vivad Se Vishwas Scheme,
2024’ and has already filed Form No. 1. In view of the above fact, the appeal of the assessee is treated as withdrawn with liberty to file an application for recalling the appeal, in case the application of the assessee for settlement under Vivad Se Vishwas is finally not accepted. Accordingly the appeal of the assessee is dismissed as withdrawn.
3. In the result, the appeal of the assessee is dismissed.
Order pronounced in the open Court on 16/04/2025. (RAHUL CHAUDHARY)
ACCOUNTANT MEMBER

Pushpa Harshadari Parekh
3
Mumbai;
Dated: 16/04/2025
Rahul Sharma, Sr. P.S.

Copy of the Order forwarded to :

BY ORDER,
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