GOWRI SHANKAR,MUMBAI vs. INCOME TAX OFFICER 16(2)(4), MUMBAI

This appeal in A.Y.2014-15 arises out of the order by the ld. Commissioner of Income Tax (Appeals)-5, Mumbai in appeal No.CIT(A)-5/ACIT-16(2)(4)/IT-320/2016-17 dated 12/03/2018 (ld. CIT(A) in short) against the order of assessment passed u/s.143(3)of the Income Tax Act, 1961 (hereinafter referred to as Act) dated 30/12/2016 by the ld. Income Tax Officer Ward 16(2)(4), Mumbai (hereinafter referred to as ld. AO).

We find that the ld. Counsel for the assessee Shri Ram Pugalia submitted that assessee had preferred under direct tax “Vivad Se Viswas Scheme 2020” to settle these tax disputes for the year under consideration and had obtained Form-3 from the designated authority thereon.

In view of this, we hereby treat the appeal pending before us as dismissed and withdrawn with a liberty given to the assessee to get the appeal restored in the event that assessee’s declaration made under “Vivad Se Viswas Scheme 2020” is declared bad in law in future for any reason whatsoever.

In the result, appeal of the assessee is dismissed.