This analysis focuses on the appeal by Radiant Computech (P) Ltd. against the order of CIT(A)-7, New Delhi for the assessment year 2011-12, which was subsequently withdrawn in favor of a resolution through the Vivad Se Vishwas Scheme.
Appellant: Radiant Computech (P) Ltd., New Delhi.
Respondent: ITO, Ward-20(4), New Delhi.
The appellant submitted a request to withdraw the appeal, citing resolution under the Direct Tax Vivad Se Vishwas Act, 2020. This request was acknowledged and accepted during the hearing conducted via video conferencing, reflecting a shift towards resolving disputes through alternative means.
The Tribunal, under the stewardship of Accountant Member Sh. N.K. Billaiya, reviewed the withdrawal request. With no opposition from the revenue side, represented by Sr. DR Sh. R.K. Gupta, the appeal was dismissed as withdrawn.
The decision underscores the effectiveness of the Vivad Se Vishwas Scheme in resolving disputes and reducing ongoing litigation, aligning with governmental efforts to streamline tax dispute resolutions.
The case of ITA 986/DEL/2020 serves as a pertinent example of how tax disputes from previous years can be amicably settled, thereby avoiding prolonged litigation and fostering a cooperative approach between taxpayers and the tax authority.
Case Analysis: ITA 986/DEL/2020 – Resolution through Vivad Se Vishwas
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