This case involves Ravi Kumar Singhla, the appellant, against the Income Tax Officer, Ward-41(3), New Delhi. The appeal concerns the assessment year 2015-16 and deals with a tax dispute that the appellant has chosen to resolve under the Direct Tax Vivad Se Vishwas Act, 2020.
The counsel for the appellant, along with the support of senior designated representatives, has formally requested the withdrawal of the ongoing appeal. This decision comes after the appellant opted into the Vivad Se Vishwas Scheme, which is aimed at reducing litigation and providing a straightforward mechanism for resolving disputes related to tax arrears. A certificate confirming this decision under Section 5(1) of the Act has been filed, effectively closing the case under the terms of the scheme.
The closure of this case under the Vivad Se Vishwas Scheme highlights the effectiveness of alternative dispute resolution mechanisms in the realm of tax law. It underscores the government’s initiative to streamline tax litigation and encourage settlements, reducing the burden on the judicial system. This case serves as a reference for similar disputes, offering insights into the strategic considerations of opting for settlement under legislated schemes.
The tribunal’s acceptance of the withdrawal signifies compliance with the procedural requirements set forth by the Vivad Se Vishwas Act. The case resolution on April 30, 2021, marks a significant conclusion to the dispute, benefiting both the taxpayer and the revenue service by avoiding prolonged litigation.
Decision announced in virtual hearing presence of both parties on April 30, 2021.
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