M/S SHREEJI GEMS LTD.,MUMBAI vs. DCIT-5(3)(1), MUMBAI

These appeals in & 2462/Mum/2019 for A.Yrs.2007-08 & 2008-09 arise out of the order by the ld. Commissioner of Income Tax (Appeals)-10, Mumbai in appeal No.CIT(A)-10/DC- 5(3)(1)/330/2015-16 & CIT(A)-10/DC-5(3)(1)/43/2016-17 dated 04/01/2019 (ld. CIT(A) in short) against the order of assessment passed u/s.143(3) r.w.s. 147 of the Income Tax Act, 1961 (hereinafter referred

We find that the assessee filed a letter dated 05/10/2021 mentioning that an application had been preferred under direct tax “Vivad Se Viswas Scheme 2020” to settle these tax dispute for the years under consideration and had obtained Form-3 from the designated authority thereon, copies of which were enclosed alongwith this letters. He also stated that due taxes for both the years had already been paid by the assessee under „Vivad se Vishwas Scheme‟ 2020.

In view of this, we hereby treat these appeals pending before us as dismissed and withdrawn with a liberty given to the assessee to get the appeals restored in the event that assessee‟s declaration made under “Vivad Se Viswas Scheme 2020” is declared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, appeals of the assessee are dismissed.