Ajay Offset Printers opts to settle the pending disputes under Vivad Se Viahwas Scheme 2020.

Last updated: 22 January 2021

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Ajay Offset Printers has chosen to resolve its ongoing tax litigation by utilising the Vivad se Vishwas Scheme 2020. The assessee filed the necessary applications under the scheme, and the Department of Revenue raised no objections. This decision brings a conclusion to the appeal filed against the order of the Commissioner of Income Tax (Appeals).

Court :
ITAT Mumbai

Brief :
The assessee has filed the appeal against theorder of the Commissioner of Income Tax (Appeals) -48, Mumbai, passed u/s. 143(3) r.w.s 147 and 250 of the Income Tax Act, 1961.

Citation :
ITA Nos. 2439/Mum/2019

IN THE INCOME TAX APPELLATE TRIBUNAL
“A” BENCH, MUMBAI

BEFORE SHRI PRAMOD KUMAR, VICE PRESIDENT &
SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER

ITA Nos. 2439/Mum/2019
(A.Y: 2009-10)

Ajay Offset Printers
101/102 Dhanraj Ind Estate
Sitaram, jadhav Marg,
Lower Parel, Mumbai –
400013.
Appellant

Vs.

ITO – 2(1)(1)
Aayakar Bhavan, Mumbai.
PAN/GIR No. : AAAFA2027P
Respondent

Appellant by : Shri Dalpat Shah, AR
Respondent by : Shri Brajendra Kumar, DR

Date of Hearing 01/01/2021
Date of Pronouncement 01/01/2021

O R D E R

PAVAN KUMAR GADALE:

The assessee has filed the appeal against theorder of the Commissioner of Income Tax (Appeals) -48, Mumbai, passed u/s. 143(3) r.w.s 147 and 250 of the Income Tax Act, 1961.

2. At the time hearing, the Ld. AR of the assessee submitted that the assessee is intended to settle the tax litigation by opting for ‘Vivad se Vishwas Scheme 2020’(VSVS2020) and filed an application in Form No. 1 & 2 under VSVS Rules 2020. Contra, the Ld. DR has no objections.

To know more in details find the attachment file

FAQ :

The Vivad se Vishwas Scheme 2020 is a government initiative designed to settle pending tax disputes and reduce litigation.

Ajay Offset Printers is the assessee involved in the tax appeal, located in Mumbai.

The dispute was an appeal filed by Ajay Offset Printers against an order passed by the Commissioner of Income Tax (Appeals) under sections 143(3) read with 147 and 250 of the Income Tax Act, 1961.

No, the Department of Revenue (DR) stated they had no objections to the assessee opting for the Vivad se Vishwas Scheme.