This case involves RP Jindal & Sons HUF from New Delhi appealing against the Income Tax Officer, Ward 40(5), New Delhi for the assessment year 2015-16, which was subsequently withdrawn under the Vivad Se Vishwas Scheme, 2020.
The appeal was directed against the order of Learned CIT(A)-14, New Delhi. Initially brought to challenge certain tax arrears, the appeal took a significant turn when the assessee opted for a dispute resolution under the recently introduced Vivad Se Vishwas Scheme.
The case was heard virtually by Shri G.S. Pannu, Vice President, and Shri K. Narasimha Chary, Judicial Member. Despite the absence of the appellant’s representation at the virtual hearing, a letter dated February 1, 2021, confirmed the intention to withdraw the appeal. A certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020, was also submitted to substantiate this decision.
The decision to withdraw was accepted by the tribunal with no objection from the Senior DR. This case exemplifies the impact of alternative dispute resolution mechanisms in tax matters, offering a way to settle disputes efficiently outside of conventional litigation. The appeal was formally dismissed as withdrawn on February 10, 2021, highlighting the utility of the Vivad Se Vishwas Scheme in resolving longstanding tax disputes.
Case Withdrawal: RP Jindal & Sons HUF vs. ITO Ward 40(5) – Assessment Year 2015-16
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