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Income Tax Appellate Tribunal, MUMBAI BENCH “G”, MUMBAI
ORDER PER VIKAS AWASTHY, J.M: The appeals by the assessee in to 8070 Mum 2019 are directed against the order of Commissioner of Income Tax (Appeals)-48, आअसं. 8068 to 8071/मुं/2019 (िन.व.2013-14 to 2015-16) to 8071/MUM/2019 (A.Y.2013-14 to 2015-16) Mumbai [hereinafter referred to as ‘the CIT(A)’] dated 21.06.2019 common for Assessment Years (A.Y.) 2013-14 to 2015-16 confirming levy of penalty u/s 271(1)(c) of the Income Tax Act, 1961 [hereinafter referred to as ‘the Act’]. In ITA No. 8071/Mum/2019 the assessee has impugned the order of CIT(A) dated 21/06/2019 for the A.Y. 2014-15 confirming penalty levied u/s 271AAB(1) of the Act.
The ld. Counsel of the assessee stated that the assessee has opted for ‘Viwad Se Vishwas Scheme, 2020 (in short ‘VSVS’) and hence, the assessee want to withdraw the appeals. A letter dated 25.08.2021 has also been filed to this effect.
Shri Vijay Jaiswal representing the Department stated that the Department has no objection if the assessee wants to withdraw appeal to avail the benefit of ‘VSVS’.
A perusal of above communication from the counsel of assessee shows that the assessee’s declaration under VSVS for the impugned assessment years has been accepted and the Designated Authority has issued Form-3 and the assessee has paid the amount as mentioned in respective Form No.3. In view of above, all four appeals by the assessee are dismissed, as withdrawn. Order pronounced in the open court on Wednesday, the 25th day of August, 2021. Sd/- Sd/- (MANOJ KUMAR AGGARWAL) (VIKAS AWASTHY) लेखा सद�य / ACCOUNTANT MEMBER �याियक सद�य / JUDICIAL MEMBER मुंबई/Mumbai, �दनांक/Dated: 25/08/2021 SK, PS