The case involves Avinash Puri, a resident of Pitampura, Delhi, who filed appeals against the order by the Commissioner of Income Tax (Appeals) for the assessment year 2015-16. The appeal was directed towards the assessment made by the ACIT, Circle-20(1), New Delhi.
The appeals were scheduled for a virtual hearing, but none appeared on behalf of the assessee. Instead, a letter was submitted requesting the withdrawal of the appeal. The reason provided was that Avinash Puri had chosen to settle the dispute under the Vivad Se Vishwas Scheme, 2020, which aims to resolve pending tax disputes. A certificate validating the settlement under Section 5(1) of the Direct Tax Vivad Se Vishwas Act, 2020, was also submitted to the tribunal.
The tribunal, after considering the submission and noting the absence of any objection from the Senior DR, accepted the withdrawal request. Consequently, the appeal was dismissed as withdrawn. This decision was pronounced in the presence of the Ld. DR, underscoring the mutual agreement on the resolution of the dispute.
This case exemplifies the effective use of the Vivad Se Vishwas Scheme to settle tax disputes, providing a streamlined and non-contentious resolution path for taxpayers. The dismissal of the appeal signifies the legal closure of the dispute for the assessment year 2015-16, showcasing the potential benefits of alternative dispute resolution mechanisms in tax matters.
Order pronounced in the Open Court on this 27th Day of October, 2021.
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