This case review covers the appeal by Koral Singla against the order of the CIT(A), Faridabad for the assessment year 2016-17, lodged under ITA No. 1010/Del/2020. The case was heard by the Income Tax Appellate Tribunal, Delhi Bench ‘SMC-1’.
Koral Singla filed an appeal challenging the order issued by the learned CIT(A), dated December 30, 2019. The appeal concerns disputes related to tax arrears for the assessment year 2016-17.
During the hearing on July 13, 2021, Koral Singla, representing himself, requested the withdrawal of his appeal. This decision was influenced by his choice to settle the dispute under the Vivad Se Vishwas Scheme, 2020, a legal framework designed to resolve pending tax disputes amicably.
He presented Form No.3, issued by the Principal Commissioner of Income Tax (PCIT), determining the tax liability, and Form No.4, evidencing the payment of the disputed tax. The Senior Departmental Representative, Shri M.R. Baranwal, had no objections to this request.
The Tribunal, led by Shri R.K. Panda, Accountant Member, accepted the withdrawal request. Consequently, the appeal was dismissed as withdrawn on July 13, 2021, marking the conclusion of this case.
The decision to opt for the Vivad Se Vishwas Scheme and withdraw the appeal highlights the applicability and effectiveness of alternative dispute resolution mechanisms in tax disputes. It reflects the shift towards faster resolution methods, aiming to reduce litigation and provide taxpayers with a platform to settle disputes amicably.
The closure of ITA No. 1010/DEL/2020 under the Vivad Se Vishwas Scheme provides a significant precedent for other taxpayers contemplating similar routes for resolving their tax disputes. This case serves as an essential reference for understanding procedural aspects and strategic decisions in tax litigation.
ITA 1010/DEL/2020: Koral Singla vs ITO Ward-1(4), Faridabad for AY 2016-17
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