2020 (12) TMI 976

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..... ccommodation entries in which the assessee is a beneficiary. This is also followed by many decisions of coordinate benches holding against assessee. As assessee has submitted a letter dated 12th March, 2020 under the signature of his Chartered Accountant Mr. Vikas Gupta that assessee is contemplating the option of Vivad se Vishwas Scheme. It was stated that at that particular time when this let .....

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..... ber And Shri Prashant Maharishi, Accountant Member For the Assessee : None For the Revenue : Ms. Aman Preet, Sr. D.R. ORDER PER PRASHANT MAHARISHI, A. M. 1. This appeal is filed by the assessee against the order of the ld. CIT (Appeals) for Assessment Year 2015-16, dated 7.02.2019 wherein claim under Section 10(38) of the Income Tax Act, 1961 (the Act) of ₹ 2,22,87, .....

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..... ature of his Chartered Accountant Mr. Vikas Gupta that assessee is contemplating the option of Vivad se Vishwas Scheme. It was stated that at that particular time when this letter was given the Scheme was yet to be announced. Now despite notices the assessee is not appearing. The assessee has also disclosed his intention through his CA to settle the dispute under Vivad se Vishwas Scheme. As the as .....

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