This article examines the case of Satbir Jain HUF vs. ITO Ward-43(5), New Delhi, under ITA No. 720/DEL/2020, focusing on the settlement process through the Vivad Se Vishwas Scheme for the assessment year 2011-12.
The case originated from disagreements over tax arrears for the year 2011-12, which led to appeals and subsequent proceedings before the Income Tax Appellate Tribunal, Delhi. The appeal was directed against the order of CIT(A)-15, New Delhi, dated December 6, 2019.
On March 13, 2021, just days before the scheduled hearing, the appellant, represented by CA Mr. Manoj Kumar, opted to withdraw the appeal. This decision was based on their choice to settle the dispute under the Vivad Se Vishwas Scheme, a governmental initiative aimed at reducing litigation and facilitating the resolution of pending tax disputes.
The counsel for the appellant submitted a request for withdrawal via email, along with a certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020, confirming their participation in the scheme. The Senior Departmental Representative did not object to this request.
Given the mutual agreement between the parties and the provisions of the Vivad Se Vishwas Scheme, the Tribunal accepted the withdrawal of the appeal. This led to a swift conclusion of proceedings, with the appeal being officially dismissed as withdrawn on March 17, 2021, during a virtual hearing.
The resolution of this case under the Vivad Se Vishwas Scheme highlights the effectiveness of alternative dispute resolution mechanisms in the realm of tax disputes. It serves as a pertinent example of how such schemes can aid in the swift and amicable settlement of longstanding tax issues, reducing the burden on both the taxpayer and the judiciary.
Settlement Under Vivad Se Vishwas: Satbir Jain HUF vs. ITO Ward-43(5), New Delhi – ITA 720/DEL/2020
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