Assessee Pradeep Jha, under the VSV Scheme, has filed for Form No. 1 & 2 and may be dismissed if withdrawn subject to issue of Form No. 3

Last updated: 09 January 2021

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The Income Tax Appellate Tribunal has dismissed the appeal filed by assessee Pradeep Jha. This decision was made because the assessee opted for the Vivaad se Vishwas (VSV) Scheme to settle tax disputes, having filed declarations in Form No. 1 & 2. The dismissal is conditional upon the successful issuance of Form No. 3 to the assessee.

Court :
ITAT New Delhi

Brief :
This appeal by assessee has been directed against the order of Ld. CIT(Appeals)-5, New Delhi dated 27.02.2019 for AY 2014-15.

Citation :
I.T.A No.4529/Del/2019

IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH “SMC-2” NEW DELHI

BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER
AND SHRI O.P. KANT, ACCOUNTANT MEMBER

I.T.A No.4529/Del/2019
Assessment Year:2014-15

JBM Ogihara Automotive India
Ltd.
601, Hemkunt Chambers 89,
Nehru Place,
New Delhi.
PAN No. AACCJ1334P
Appellant

Vs.

Addl. CIT
Range-13,
New Delhi.
Respondent

Assessee by Shri Pradeep Jha, Adv.
Revenue by Shri Sri Prakash Dubey, Sr. DR

Date of hearing: 24.12.2020
Pronouncement on 05.01.2021

O R D E R

PER BHAVNESH SAINI, J.M.

This appeal by assessee has been directed against the order of Ld. CIT(Appeals)-5, New Delhi dated 27.02.2019 for AY 2014-15.

2. We have heard Ld. Representatives of both the parties through Video Conferencing.

3. Ld. Counsel for assessee submitted that assessee has filed declaration in Form No. 1 & 2 before Income Tax Department and optedfor Vivaad se Vishwas Scheme to settle the tax dispute. He has, therefore, submitted that appeal of the assessee may be dismissed as withdrawn subject to issue of Form No. 3 in favour of the assessee.

4. In view of the above, appeal of assessee stands disposed off interms of the above, subject to issue of Form No. 3 in favour of the assessee.

5. In the result, the appeal of assessee stands disposed off.

Order pronounced in the open court.

Sd/- Sd/-
(O.P. KANT) (BHAVNESH SAINI)
ACCOUNTANT MEMBER JUDICIAL MEMBER

Dated: 05.01.2021
*Kavita Arora, Sr. P.S.

Copy of order sent to- Assessee/AO/Pr. CIT/ CIT (A)/ ITAT (DR)/Guard
file of ITAT.

By order
Assistant Registrar, ITAT: Delhi Benches-Delhi

FAQ :

The main issue was the assessee, Pradeep Jha, opting for the Vivaad se Vishwas (VSV) Scheme to settle tax disputes, leading to the withdrawal of his appeal.

The Vivaad se Vishwas Scheme is a scheme offered by the Income Tax Department to settle tax disputes.

The assessee filed declarations in Form No. 1 & 2 under the VSV Scheme.

The appeal is dismissed as withdrawn, subject to the issue of Form No. 3 in favour of the assessee.