MALLIKARJUN B PANDERAGERA,NAVI MUMBAI vs. ITO 28 (2)(2), NAVI MUMBAI

This appeal in A.Y.2014-15 arises out of the order by the ld. Commissioner of Income Tax (Appeals)-26, Mumbai in appeal No.CIT(A)-26/IT-10032/2017-18 dated 15/11/2019 (ld. CIT(A) in short) in the matter of imposition of penalty u/s.271B of the Income Tax Act, 1961(hereinafter referred to as „Act‟)

We find that the assessee filed a letter dated 11/02/2020 mentioning that an application had been preferred under direct tax “Vivad Se Viswas Scheme 2020” to settle this tax dispute for the year under consideration and had obtained Form-3 from the designated authority thereon, copy of which was enclosed alongwith this letter.

In view of this, we hereby treat the appeal pending before us as dismissed and withdrawn with a liberty given to the assessee to get the appeal restored in the event that assessee‟s declaration made under “Vivad Se Viswas Scheme 2020” is declared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