Smt.Sangeetha Agarwal - Dismissal of Appeal on opting to settle the dispute under VSV Act 2020

Last updated: 05 January 2021

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The Income Tax Appellate Tribunal has dismissed the appeals filed by Smt. Sangeetha Agarwal for the assessment years 2013-2014 and 2014-2015. This decision was made after the assessee opted to settle the dispute under the Direct Tax Vivad Se Vishwas Act, 2020. The appeals were withdrawn with the liberty to apply for recall if the settlement forms are not accepted.

Court :
ITAT Bangalore

Brief :
These appeals at the instance of the assessee are directed against orders of CIT(A), both dated 22.11.2017. The relevant assessment years are 2013-2014 and 2014-2015.

Citation :
ITA No.334/Bang/2018

IN THE INCOME TAX APPELLATE TRIBUNAL
BANGALORE BENCHES “A”, BANGALORE

Before Shri George George K, JM & Shri B.R.Baskaran, AM
ITA No.334/Bang/2018 : Asst.Year 2013-2014
ITA No.335/Bang/2018 : Asst.Year 2014-2015

Smt.Sangeetha Agarwal
C/o.S.Venkatesan & Co, CAs
31-33, II Floor, SNS Plaza
Kumarakrupa Road
Bengaluru – 560 001.
PAN : ACSPA5808L.
(Appellant)

vs.

The Income Tax Officer
Ward 5(2)(1)
Bangalore.
(Respondent)

Appellant by : Sri.V.Srinivasan, Advocate
Respondent by : Sri.Kannan Narayan, JCIT-DR
Date of Hearing : 31.12.2020
Date of Pronouncement : 31.12.2020

O R D E R

Per George George K, JM

These appeals at the instance of the assessee are directed against orders of CIT(A), both dated 22.11.2017. The relevant assessment years are 2013-2014 and 2014-2015.

2. At the time of hearing before us, the learned Counsel for the assessee has furnished a letter dated 14th December, 2020, wherein it is stated that the assessee has opted for filing the application under Direct Tax Vivad Se Vishwas Act, for settlement of the dispute, and accordingly, prayed that the appeals may be treated as withdrawn, with liberty to apply for a recall, if Form 1 & 2 filed by the assessee are not accepted by the Department for any reason.

4. We have heard the rival submissions and perused the material on record. In view of the submission of the learned Counsel for the assessee in his letter dated 14th December, 2020, we dismissed the appeals as withdrawn. The assessee is given liberty to move appropriate application for recalling the present order in accordance with law, if the assessee intends to do so.

5. In the result, the appeals filed by the assessee are dismissed, as withdrawn.

Order pronounced on this 31st day of December, 2020.

Sd/- Sd/-
(B.R.Baskaran) (George George K)
ACCOUNTANT MEMBER JUDICIAL MEMBER

Bangalore; Dated : 31st December, 2020.
Devadas G*
Copy to :
1. The Appellant.
2. The Respondent.
3. The CIT(A)-5, Bangalore
4. The Pr.CIT-5, Bangalore.
5. The DR, ITAT, Bengaluru.
6. Guard File.

Asst.Registrar/ITAT, Bangalore

FAQ :

Smt. Sangeetha Agarwal's appeals were dismissed as withdrawn by the Income Tax Appellate Tribunal.

The appeals were dismissed because the assessee opted to settle the dispute under the Direct Tax Vivad Se Vishwas Act, 2020.

The Vivad Se Vishwas Act, 2020 (VSV Act) is a scheme introduced by the Indian government to provide a one-time settlement for disputes related to direct taxes.

Yes, the assessee has been granted liberty to apply for a recall of the order if the forms filed under the VSV Act are not accepted by the Department.