Cable Corporation of India Ltd has preferred to settle the pending disputes under direct tax “Vivad Se Viswas Scheme 2020”


Quick Summary
Cable Corporation of India Ltd has opted to settle its outstanding direct tax dispute for the assessment year 2008-09 through the 'Vivad Se Viswas Scheme 2020'. The Income Tax Appellate Tribunal has dismissed the appeal, noting that the assessee has filed the necessary declaration under the scheme. The tribunal has granted the assessee liberty to have the appeal restored if the declaration is later deemed invalid.

Court :
ITAT Mumbai

Brief :
This appeal in ITA No.4980/Mum/2018 for A.Y.2008-09 arises out of the order by the ld. Commissioner of Income Tax (Appeals)-4, Mumbaiin appeal No.CIT(A)-4(e)-file-33/DCIT-2(1)(1)/2016-17 dated 17/07/2018(ld. CIT(A) in short) against the order of assessment passed u/s.143(3) r.w.s. 147 of the Income Tax Act, 1961 (hereinafter referred to as Act)  dated 23/03/2016 by the ld. Dy. Commissioner of Income Tax, Circle 2(1)(1), Mumbai (hereinafter referred to as ld. AO).

Citation :
ITA No.4980/Mum/2018

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