This article provides a comprehensive analysis of the case ITA No. 502/DEL/2019, involving Reach Promoters Pvt. Ltd. and the Deputy Commissioner of Income Tax, Circle-21(1), New Delhi. The case pertains to the assessment year 2008-09 and was resolved under the Vivad Se Vishwas Scheme, 2020.
The appellant, Reach Promoters Pvt. Ltd., filed an appeal against the order dated 27.11.2018, issued by the Commissioner of Income Tax (Appeals)-34, New Delhi. The case involved tax arrears for the assessment year 2008-09. The appeal was filed on 23.01.2019.
The case was brought before the Income Tax Appellate Tribunal (ITAT) Delhi Bench ‘C’, New Delhi, and was heard through video conferencing. The bench comprised Shri G.S. Pannu, Vice President, and Ms. Madhumita Roy, Judicial Member.
During the virtual hearing on 29.06.2021, none appeared on behalf of the appellant, Reach Promoters Pvt. Ltd. However, the appellant had submitted a letter dated 27.05.2021 requesting the withdrawal of the appeal. The letter stated that the appellant had opted to settle the dispute under the Direct Tax Vivad Se Vishwas Scheme, 2020. A certificate under Section 5(1) of the Direct Tax Vivad Se Vishwas Act, 2020, was also submitted as evidence of the settlement.
The Senior Departmental Representative (DR), Ms. Anima Baranwal, had no objection to the withdrawal request made by the appellant.
In view of the appellant’s request and the absence of any objections from the respondent, the ITAT accepted the request for withdrawal. Consequently, the appeal filed by Reach Promoters Pvt. Ltd. was dismissed.
The case ITA No. 502/DEL/2019 showcases the effective application of the Vivad Se Vishwas Scheme, 2020, in resolving tax disputes. The scheme provides a beneficial mechanism for taxpayers to settle their tax arrears and disputes amicably, reducing litigation and promoting compliance.
This case serves as a significant example of how the Vivad Se Vishwas Scheme can be utilized by taxpayers to resolve long-standing tax disputes efficiently.
The resolution of this case under the Vivad Se Vishwas Scheme, 2020, highlights the scheme’s potential to streamline tax dispute resolution and foster a more cooperative tax compliance environment.
Case Summary of ITA No. 502/DEL/2019: Reach Promoters Pvt. Ltd. vs. DCIT
Manage the increasing number of hearings effortlessly by leveraging the legal AI revolution We are India's Leading revolutionary AI-powered legal platform where you can get enough insights into top cases and judgements.
Research Platform