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Facts
The assessee filed an appeal for the assessment year 2010-11 against an order of the CIT(A). During the proceedings, the assessee's counsel submitted that an application had been filed under the Direct Tax Vivad Se Vishwas Act, 2020, for full and final settlement of tax arrears.
Held
The Tribunal noted that the assessee had filed an application for settlement under the Direct Tax Vivad Se Vishwas Act, 2020, and had submitted the relevant form. Consequently, the appeal was deemed infructuous.
Key Issues
Whether the appeal filed by the assessee is infructuous due to settlement under the Vivad Se Vishwas Act, 2020.
Sections Cited
250 of the Income-tax Act, 1961, 5(2) r.w.s. section 6 of the Direct Tax Vivad Se Vishwas Act, 2020
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, MUMBAI BENCH “B”, MUMBAI
Before: SHRI AMARJIT SINGH & SHRI RAHUL CHAUDHARY
O R D E R
PER AMARJIT SINGH, ACCOUNTANT MEMBER:
This appeal of the assessee for the assessment year 2010-11 is directed against the order u/s 250 of the Income-tax Act, 1961 dated 23.09.2014 passed by the ld. Commissioner of Income-tax (Appeals)-4, Mumbai.
During the appellate proceedings before us, at the outset, the ld. Counsel submitted that the assessee has filed application under Direct Tax Vivad Se Vishwas Act, 2020. In this regard, the ld. Counsel has also filed copy of Form No.5 dated 11th June, 2021 issued by the PCIT, Mumbai-2 in respect of full and final settlement of tax arrears u/s 5(2) r.w.s. section 6 of the Direct Tax Vivad Se Vishwas Act, 2020.
In view of the above facts and submissions of the assessee, the appeal filed by the assessee is dismissed as infructuous.
In the result, the appeal of the assessee is dismissed.
Order pronounced in the open court on 16.10.2024.