This article delves into the tribunal case ITA 202/DEL/2019 involving Bellevue Central Park-II Condominium Association’s appeal against the ITO, Ward-1(3), Gurgaon, for the assessment year 2014-15.
The appeal by Bellevue Central Park-II Condominium Association was directed against the orders of CIT(A)-1 and CIT(A)-2, Gurgaon. The matter pertained to the assessment years 2014-15 and 2015-16, where significant tax arrears were disputed.
The appellant opted to resolve the dispute through the Vivad Se Vishwas Scheme, 2020. A formal request for withdrawal of the appeals was submitted via email before the scheduled hearing, and a certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020 was provided, confirming the settlement.
The tribunal, after reviewing the withdrawal request and the settlement certificate, accepted the withdrawal of the appeals. The learned Senior DR also raised no objection to this resolution.
The decision to opt for the Vivad Se Vishwas Scheme illustrates a strategic approach to resolving tax disputes, emphasizing the scheme’s effectiveness in providing a straightforward resolution mechanism for pending tax litigations. This case is a prime example of how tax disputes can be amicably resolved, thus avoiding prolonged litigation and fostering a cooperative relationship between taxpayers and tax authorities.
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