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Income Tax Appellate Tribunal, MUMBAI BENCH “ A”, MUMBAI
ORDER PER BENCH: This appeal by the assessee is directed against the order of Commissioner of Income Tax (Appeals) -34, Mumbai [in short ‘the CIT(A)’] dated 30/01/2020 for the assessment year 2010-11.
A letter dated 13/10/2021 has been received from the assessee stating that the assessee has opted for 'Vivad Se Vishwas Scheme, 2020'( in short 'VSVS') and has settled the tax dispute for assessment year 2010-11.
Shri Mehul Jain representing the Department stated that the Department has no objection if the assessee wants to avail the benefit of ‘ VSVS'.
A perusal of above letter shows that the assessee's declaration under VSVS for the impugned assessment year has been accepted and Form -5 dated 18/05/2021 has been issued by the Designated Authority against final settlement of the tax arrear. In view of above, the appeal by assessee is dismissed as infructuous.
Order pronounced in the open court on Monday the 29th day of November, 2021.