Ashwin kumar N sheth takes immunity under Vivad Se Vishwas Scheme 2020.

Last updated: 22 January 2021

Save Share

Quick Summary

The Income Tax Appellate Tribunal in Mumbai heard four appeals concerning Ashwin Kumar N Sheth. The assessee indicated an intention to settle tax disputes by utilising the Vivad se Vishwas Scheme 2020, filing the necessary applications. The Department of Revenue did not object to this course of action.

Court :
ITAT Mumbai

Brief :
The assessee has filed these four appeals againstthe separate orders of Commissioner of Income Tax(Appeals) - 52, Mumbai, passed u/s. 271(1)(c) of the Income Tax Act, 1961.

Citation :
ITA 4884/MUM/2018

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

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

ITA Nos. 4884, 4885, 4886 & 4887/Mum/2018
(A.Ys: 2008-09, 2009-10, 2010-11 & 2011-12)

Ashwin Kumar N Sheth
Plot No. 7, Hatkesh CHS,
Vile Parle (W), Mumbai –
400056.
PAN/GIR No. : AAHPS2888R
Appellant

Vs.

DCIT, CC 4(2)
Aayakar Bhavan, M.K.
Road, Mumbai – 400020.
Respondent

Appellant by : Shri Chetan Karia, AR
Respondent by : Shri Brajendra Kumar, DR

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

O R D E R

PER BENCH:

The assessee has filed these four appeals againstthe separate orders of Commissioner of Income Tax(Appeals) - 52, Mumbai, passed u/s. 271(1)(c) of the Income Tax Act, 1961.

2. At the time hearing, the Ld. AR of the assesseesubmitted that the assessee is intended to settle thetax litigation by opting for ‘Vivad se Vishwas Scheme2020’(VSVS2020) and filed an application in Form No. 1 & 2 under VSVS Rules 2020. Contra, the Ld. DRhas no objections.

To know more in details find the attachment file

FAQ :

The Vivad se Vishwas Scheme 2020 is a scheme introduced to settle tax litigation.

Ashwin Kumar N Sheth is the appellant in four Income Tax Appellate Tribunal cases.

The appeals were filed against orders passed by the Commissioner of Income Tax (Appeals) - 52, Mumbai, under section 271(1)(c) 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.