DARSHANA S. THAKKAR,MUMBAI vs. ITO 24 (1)(1), MUMBAI

These appeals in & ITA No.385/Mum/2010 for A.Y.2009-10 arises out of the order by the ld. Commissioner of Income Tax (Appeals)-41, Mumbai in appeal No.CIT(A)-41/IT/33/2014-15 & CIT(A)-41/IT/34/2014-15 dated 29/05/2018 (ld. CIT(A) in short) in the matter of imposition of penalty u/s.271(1)(c) of the Income Tax Act, 1961 (hereinafter referred to as Act).

We find that the ld. AR filed a letter dated 04/09/2020 mentioning that assessee had preferred an application under direct tax “Vivad Se Viswas Scheme 2020” to settle these tax disputes for the years under consideration and had obtained Form-3 from the designated authority thereon, copy of which were enclosed alongwith this letter.

In view of this, we hereby treat the appeals pending before us as dismissed and withdrawn with a liberty given to the assessee to get the appeals restored in the event that assessee’s declaration made under “Vivad Se Viswas Scheme 2020” is declared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