An examination of the Income Tax Appellate Tribunal’s decision in ITA No. 747/DEL/2020 involving Raj Kumar Aneja HUF and the Income Tax Officer, Ward-41(2), New Delhi. The case was resolved through the Vivad Se Vishwas Scheme for the assessment year 2014-15.
The appeal was initially filed against the order dated November 28, 2019, by the CIT(A)-14, New Delhi, concerning disputes for the assessment year 2014-15.
This segment details how the Vivad Se Vishwas Scheme provided a pathway for the assessee to resolve their tax disputes amicably. The scheme’s objectives and its impact on reducing litigation in the taxation system are explored.
The article delves into the procedural aspects and legal nuances involved in withdrawing an appeal through this scheme, including the implications for both the taxpayer and the revenue service.
This case serves as an illustrative example of the government’s initiative to streamline tax litigation and promote a non-adversarial tax system. The resolution under the Vivad Se Vishwas Scheme highlights the practical aspects and success of this legislative approach in resolving long-standing disputes.
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