Case Number: ITA 409/DEL/2019
Appellant: Sumetco Alloys Pvt. Ltd., New Delhi
Respondent: ITO, Ward-24(3), New Delhi
Assessment Year: 2009-10
Case Filed On: 2019-01-21
Order Type: Final Tribunal Order
Date of Order: 2021-06-29
Pronounced On: 2021-06-29
Sumetco Alloys Pvt. Ltd., a company based in New Delhi, filed an appeal against the order of CIT(A)-28, New Delhi, dated 14.11.2018, for the assessment year 2009-10. The appeal was made to address the tax arrears that were disputed by the appellant.
The appeal was heard virtually by the Delhi Bench ‘C’ of the Income Tax Appellate Tribunal (ITAT), comprising Shri G.S. Pannu, Vice President, and Ms. Madhumita Roy, Judicial Member. During the hearing, the appellant was represented by Sh. Tarun Kumar, CA, while the respondent was represented by Ms. Anima Barnwal, Senior Departmental Representative (DR).
On 03.06.2021, the appellant submitted a letter via email requesting the withdrawal of the appeal. The appellant informed the Tribunal that they had opted to settle the dispute under the Vivad Se Vishwas Scheme, 2020. This scheme, introduced by the Government of India, aimed to resolve pending tax disputes in an amicable manner. A certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020, was also filed by the appellant, confirming the settlement of the tax arrears for the assessment year 2009-10.
The Senior Departmental Representative, Ms. Anima Barnwal, had no objections to the withdrawal request. Considering the appellant’s decision to opt for the Vivad Se Vishwas Scheme, the Tribunal accepted the withdrawal request.
Consequently, the appeal filed by Sumetco Alloys Pvt. Ltd. was dismissed as withdrawn. The decision was announced at the conclusion of the virtual hearing on 29.06.2021, in the presence of both parties.
The case of Sumetco Alloys vs ITO highlights the effective utilization of the Vivad Se Vishwas Scheme, 2020, to resolve pending tax disputes. This scheme provides taxpayers with an opportunity to settle their tax arrears amicably and avoid prolonged litigation.
In this case, the appellant chose to withdraw the appeal after opting for the scheme, which led to the dismissal of the appeal by the ITAT. The Tribunal’s decision underscores the importance of such settlement schemes in reducing the burden of pending tax disputes on the judicial system.
Overall, the Vivad Se Vishwas Scheme has proven to be a beneficial initiative for taxpayers and the tax administration alike, facilitating quicker resolution of disputes and enhancing tax compliance.
For more information on the Vivad Se Vishwas Scheme and its application in various cases, visit the official website of the Income Tax Department of India.
Sumetco Alloys vs ITO: Dispute Settlement under Vivad Se Vishwas Scheme – ITA 409/DEL/2019
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