CITI, CIRCLE-2,, KALYAN vs. SHRI KETANKUMAR JAYANTIBHAI PATEL, MUMBAI

These appeals in 5499/Mum/2019 for A.Yrs.2009-10 & 2010-11 arise out of the order by the ld. Commissioner of Income Tax (Appeals)-3, Thane in appeal No.10121-THN/18-19 & 10183-THN/18-19 respectively dated 06/06/2019 (ld. CIT(A) in short) in 5499/Mum/2019 Shri Ketankumar Jayantibhai Patel the matter of imposition of penalty u/s.271(1)(c) of the Income Tax Act, 1961.

We find that the ld. AR filed letters dated 24/02/2020 mentioning that assessee had preferred an application filed in form No.1 & 2 under direct tax “Vivad Se Viswas Scheme 2020” to settle this tax dispute for the years under consideration.

In view of this, we hereby treat these appeals pending before us as dismissed and withdrawn with a liberty given to the assessee to get the appeals restored in the event that assessee’s declaration made under “Vivad Se Viswas Scheme 2020” is declared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