Mars Lifestyle Pvt Ltd takes immunity under Vivad Se Vishwas Scheme

Last updated: 18 January 2021

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Mars Lifestyle Pvt Ltd has requested to withdraw its appeal against an Income Tax order for the assessment year 2008-09. The company has opted for the Vivad Se Vishwas Scheme, 2020, a direct tax dispute resolution initiative. This scheme allows taxpayers to settle outstanding tax disputes by paying a certain amount, thereby avoiding further litigation.

Court :
ITAT Mumbai

Brief :
This appeal by the assessee is directed against the order of Commissioner of Income Tax (Appeals)-17, Mumbai [in short ‘the CIT(A)’] dated 23.01.2019 for the Assessment year 2008-09.

Citation :
ITA No. 1571/Mum/2019

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

BEFORE SHRI VIKAS AWASTHY, JUDICIAL MEMBER

ITA No. 1571/Mum/2019
Assessment Years 2008-09)

Mars Lifestyle Pvt. Ltd.
102, The Avenue, Opp. Hotel Leela, Andheri Kurla Road, Andheri (East), Mumbai
Appellant

Vs.

The Income Tax Officer, Ward 10(2)(3)
2nd Floor, Room No. 212, Aayakar Bhavan, M.K. Road, Mumbai-400 020

Respondent)
PAN No. AABCJ6433A

Appellant by : Shri Jitendra Singh, AR
Respondent by : Ms. Shreekala Pardeshai, DR

Date of hearing: 28.12.2020
Date of pronouncement:28.12.2020

O R D E R

This appeal by the assessee is directed against the order of Commissioner of Income Tax (Appeals)-17, Mumbai [in short ‘the CIT(A)’] dated 23.01.2019 for the Assessment year 2008-09.

2. A request letter dated 28.12.2020 has been received from the assessee representative stating that the assessee has opted for Viwad Se Vishwas Scheme, 2020’ (in short ‘VSVS’) and hence, want to withdraw the appeal. The relevant extract of the aforesaid letter is reproduced hereinbelow :

To know more in details find the attachment file

FAQ :

The Vivad Se Vishwas Scheme is a government initiative designed to resolve direct tax disputes and reduce litigation.

This appeal by Mars Lifestyle Pvt Ltd relates to the assessment year 2008-09.

Mars Lifestyle Pvt Ltd withdrew its appeal because it opted for the Vivad Se Vishwas Scheme, 2020.

By opting for the scheme, Mars Lifestyle Pvt Ltd intends to settle its tax dispute and withdraw the appeal filed with the Income Tax Appellate Tribunal.