Vivad se Vishwas Opt-Out Does Not Bar Tax Appeal: ITAT Decision

Alpesh Narendra Shah Vs ACIT (ITAT Mumbai)

VSV Opt-Out Revives Appeal: Deemed Withdrawal Under VSV Not Fatal – Additional Evidence Ignored: Tribunal Remands Case for De Novo Disposal

Assessee filed returns declaring income of Rs.27,46,700. AO noticed unsecured loans of Rs.1,35,77,021 & cash credits of Rs.2,07,57,087, treated them as non-genuine & made additions u/s 143(3). CIT(A) sustained the additions. Before the appellate order, Assessee opted for settlement u/s 4(2) of Vivad-se-Vishwas (DTVSVA); Form-3 was issued, resulting

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