ITA No. 734/DEL/2020 presents a significant instance where Sachin Kumar opted to resolve his tax disputes for the assessment year 2015-16 under the Vivad Se Vishwas Scheme. This appeal, originally filed against the order of the learned CIT(A)-28, New Delhi, showcases the application of this scheme in settling disputes without prolonged litigation.
The case involves Sachin Kumar, a resident of New Delhi, who faced tax discrepancies for the assessment year 2015-16. Faced with ongoing legal challenges and potential lengthy proceedings, Kumar chose to utilize the Vivad Se Vishwas Scheme, which was designed to reduce litigation in tax disputes across India.
During the tribunal hearing, no representative appeared on behalf of Sachin Kumar, but a written communication confirmed his intent to settle under the Vivad Se Vishwas Scheme. This scheme allows taxpayers to settle tax disputes out of court by paying a portion of the disputed amount, thereby foregoing penalties and interest.
The tribunal accepted the withdrawal of the appeal based on the settlement certificate presented under Section 5(1) of the Direct Tax Vivad Se Vishwas Act, 2020. This decision was pronounced without a physical hearing, utilizing video conferencing, reflecting modern judicial practices.
This case illustrates the effectiveness of the Vivad Se Vishwas Scheme in providing a resolution pathway that benefits both the taxpayer and the tax authorities by reducing the backlog of cases and ensuring faster resolution times. It also highlights the shift towards more digital and streamlined judicial processes.
The resolution of ITA 734/DEL/2020 under the Vivad Se Vishwas Scheme marks a significant development in tax jurisprudence, emphasizing the government’s commitment to reducing litigation and simplifying the tax dispute resolution process.
Settlement of Tax Disputes under Vivad Se Vishwas: Sachin Kumar’s Appeal in ITA 734/DEL/2020
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