The appeal by Neeraj Bajaj for the assessment year 2014-15 was directed against an order from the CIT(A), Faridabad. This analysis explores the implications of the appellant’s decision to withdraw the appeal under the Vivad Se Vishwas Scheme, which aims to reduce litigation in direct tax disputes.
Appellant: Neeraj Bajaj, Faridabad.
Respondent: ITO Ward-2(1), Faridabad, Haryana.
During the virtual hearing on December 29, 2020, the appellant’s counsel, via an email dated March 19, 2020, requested the withdrawal of the appeal, citing the choice to settle under the Vivad Se Vishwas Scheme. The Senior DR had no objections to this request.
The decision to settle under Vivad Se Vishwas reflects the scheme’s intended purpose to provide taxpayers a mechanism to resolve disputes without prolonged litigation, thereby offering a mutually beneficial resolution to both the taxpayer and the government.
This case serves as an illustrative example of the practical application of the Vivad Se Vishwas Scheme in resolving tax disputes and reducing the burden on judicial systems. It highlights the potential benefits of opting for such governmental schemes designed to facilitate amicable settlements.
Case Review: ITA 994/DEL/2020 – Settlement under Vivad Se Vishwas
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