This case features an appeal by Bhagwan Mishra against the order from the Commissioner of Income Tax (Appeals)-17, New Delhi, for the assessment year 2014-15. The primary discussion revolves around Mishra’s decision to settle the tax dispute under the Vivad Se Vishwas Scheme, 2020, highlighting a strategic shift towards dispute resolution.
The appeal was initially filed against a previous order concerning tax liabilities. However, before proceedings could advance, Bhagwan Mishra opted to withdraw the appeal, leveraging the benefits of the Vivad Se Vishwas Scheme. This move underscores a significant aspect of modern tax litigation, focusing on resolution over prolonged conflict.
The withdrawal of the appeal under the Vivad Se Vishwas Scheme demonstrates the utility of this legal pathway for taxpayers seeking resolution. The scheme is designed to reduce litigation and facilitate a smoother resolution process for outstanding tax disputes. This case serves as an exemplary framework for understanding the application of this scheme in practical scenarios.
The resolution of this case through the Vivad Se Vishwas Scheme marks a notable instance of the scheme’s application, offering insights into its effectiveness in reducing litigation and facilitating tax compliance. The outcome not only resolves the immediate fiscal discrepancies but also sets a precedent for similar cases, emphasizing the scheme’s role in fostering a cooperative approach to tax disputes.
Order pronounced in the open court on this 25th Day of January, 2021.
Manage the increasing number of hearings effortlessly by leveraging the legal AI revolution We are India's Leading revolutionary AI-powered legal platform where you can get enough insights into top cases and judgements.
Research Platform