ITA 585/DEL/2019 documents the resolution of a tax dispute involving Kevin Metpack P.Ltd and the ACIT, Central Circle-30, New Delhi for the assessment year 2012-13. The case concluded with the company opting for a settlement under the Direct Tax Vivad Se Vishwas Act, thereby closing the proceedings originally contested through the appeal.
The appeal was lodged against the CIT(A)-30’s order dated December 19, 2018, but was later withdrawn by the appellant. The withdrawal followed the company’s decision to settle the tax arrears under the Vivad Se Vishwas Scheme, 2020, indicating a shift towards resolution outside of prolonged litigation.
The case highlights the application of the Vivad Se Vishwas Scheme as an effective mechanism for resolving disputes in tax-related matters, underscoring the scheme’s intent to reduce litigation in the Indian tax system.
This settlement under the Vivad Se Vishwas Act represents a critical juncture for both the company and the revenue department, demonstrating the practical benefits of alternative dispute resolution mechanisms in tax law.
Settlement of ITA 585/DEL/2019: Kevin Metpack P.Ltd vs. ACIT, Central Circle-30, New Delhi
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