Long Term Capital Gain as Unexplained Cash Credit u/s 68 of the Income Tax Act

Last updated: 23 September 2021

Court :
ITAT Delhi

Brief :
This appeal by Assessee is filed against the order of Learned Commissioner of Income Tax (Appeals)-9, New Delhi, [�Ld. CIT(A)�, for short], dated 12.10.2018 for Assessment Year 2015-16.

Citation :
ITA No:- 8144/Del/2018

IN THE INCOME TAX APPELLATE TRIBUNAL
(DELHI BENCH: ‘B’: NEW DELHI)
(THROUGH VIDEO CONFERENCING)
BEFORE SHRI KUL BHARAT, JUDICIAL MEMBER
AND
SHRI ANADEE NATH MISSHRA, ACCOUNTANT MEMBER
ITA No:- 8144/Del/2018
(Assessment Year: 2015-16)

Mr. Deepak Jain
5334, Basti Harphool Singh,
Delhi-110006

ITO,
Ward-25(2),
New Delhi

Assessee By : None
Revenue By : Md. Gayasuddin Ansari, Sr. DR

This appeal by Assessee is filed against the order of Learned Commissioner of Income Tax (Appeals)-9, New Delhi, [“Ld. CIT(A)”, for short], dated 12.10.2018 for Assessment Year 2015-16.

2. At the time of hearing, we took notice of letter dated 04/09/2021 filed by assessee. In this letter it has been intimated from the assessee’s side that the assessee had filed Form -1 and Form-2 under Vivad Se Vishwas Scheme, 2020 (“VSVS”, for short) has been accepted by Revenue; and further, that Form 3 dated 11/12/2020 has issued bydesignated authority under VSVS has been received by the assessee. We have also perused copies of Form-3 and Form-4 under aforesaid VSVS, copies whereof were filed by the assessee alongwith the aforesaid letter dated 04/09/2021.

3. In the result, this appeal is dismissed. This order was already pronounced on 15th September, 2021 in Open Court, in the absence of any representative from assessee’s side, but in the presence of Ld. Sr. DR; after conclusion of the hearing. Now, this written order is signed today on 16/09/2021.