Tax Appeals Dismissed After Dispute Resolution Under Vivad se Vishwas Act for Assessment Years 2014-15 & 2015-16.

The ITAT Mumbai dismissed five appeals, three by the revenue and two by the assessee, related to the Assessment Years 2014-15 and 2015-16, following the assessee's resolution of disputes under the Direct Tax Vivad se Vishwas Act, 2020. The assessee submitted declarations, and the designated authority issued certificates accepting them. With no objections from the Departmental Representatives, the appeals were treated as withdrawn and dismissed. The decision was pronounced in open court on 15th February, 2021.

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Issues involved: Appeals arising from orders of Commissioner of Income Tax for Assessment Years 2014-15 and 2015-16.

The Appellate Tribunal ITAT Mumbai heard five appeals, three by the revenue and two by the assessee, stemming from orders of the Commissioner of Income Tax (Appeals)-02, Mumbai for the Assessment Years 2014-15 and 2015-16. The General Manager - Direct Tax of the assessee company submitted letters dated 12th February, 2021, informing that the assessee had chosen to resolve the disputes through the Direct Tax Vivad se Vishwas Act, 2020 by filing declarations. The designated authority had issued a certificate in form no-3 accepting the assessee's declarations. Consequently, the assessee requested for the appeals to be treated as withdrawn. The declarations in Form no-1 & 2 and the certificates in form no-3 were provided along with the letters. The Authorized Representative of the assessee also made a similar request to treat the appeals as withdrawn. The Departmental Representatives raised no objection to dismissing the appeals as withdrawn. Therefore, based on the submissions and requests made, all appeals were dismissed as withdrawn. The order was pronounced in the open court on 15th February, 2021.

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