This document examines the case of ITA 233/DEL/2019 involving Deepak Golcha and the ITO, Ward-42(3), New Delhi, where the appellant sought to settle outstanding tax arrears under the Vivad Se Vishwas Scheme for the 2013-14 assessment year.
Deepak Golcha challenged the decision of the CIT(A)-14, New Delhi, concerning his tax liabilities. However, before the proceedings could advance, Golcha decided to opt for a settlement under the Vivad Se Vishwas Act, effectively withdrawing his appeal.
The case provides insights into the procedural aspects of withdrawing an appeal under the Vivad Se Vishwas Scheme. It discusses the prerequisites for such a withdrawal, including the need for a certificate under Section 5(1) of the Direct Tax Vivad Se Vishwas Act, 2020, and the legal consequences of the withdrawal on the original tax dispute.
The analysis concludes with a discussion on the broader implications of the Vivad Se Vishwas Scheme on the resolution of tax disputes in India, emphasizing the importance of this scheme in reducing litigation and providing a straightforward path to settling complex tax disputes.
Tax Arrears Settlement: Deepak Golcha vs. ITO in ITA 233/DEL/2019
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