Case Law Details
Mahaveer Medicare Vs ACIT (ITAT Bangalore)
In the present case, ITAT states that the assessee has opted for Vivad Se Vishwas Scheme, 2020, the appellant would be moving application for withdrawing the present appeals filed before the Tribunal in due course. Since the assessee has already filed the necessary applications before the tax authorities under the above said scheme, accordingly ITAT dismiss all these appeals of the assessee as withdrawn.
Further they state that, the assessee has stated that he has not received Form no.3, in which the tax amount to be paid by the assessee shall be intimated by the department. Hence the assessee has sought adjournment till the time Form no.3 is received from the department, meaning thereby, the assessee wants to make sure that the tax liability mentioned by him in Form no.1 should get confirmed by the revenue. Under these set of facts, since ITAT have dismissed the appeals, the assessee is given liberty to move appropriate application for recall of the present order in accordance with the law, if the assessee intends to do so.
FULL TEXT OF THE ITAT JUDGEMENT
The assessee has filed these appeals challenging the common order dated 30-04-2019 passed by Ld CIT(A)-11, Bengaluru and they relate to the assessment years 2010-11 to 2014-15. The assessee is aggrieved by the decision of Ld CIT(A) in confirming the penalty of Rs.1.30 lakhs, Rs.1.58 lakhs, Rs.1.72 lakhs, Rs.2.66 lakhs and Rs.4.14 lakhs levied by the assessing officer u/s 271(1)(c) of the Act respectively for AYs 2010-11 to 2014-15.
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