This case involves an appeal filed by Bhandari Builders P.Ltd against the order passed by the CIT(A)-10, New Delhi dated 23rd January, 2018 for the assessment year 2015-16.
The appeal was heard through video conferencing by Shri G.S. Pannu, Vice President, and Shri Kul Bharat, Judicial Member of the Income Tax Appellate Tribunal, Delhi Bench ‘B’. During the proceedings, no representative for the appellant was present, but a letter was submitted requesting the withdrawal of the appeal due to the assessee’s election to settle the dispute under the Vivad Se Vishwas Scheme 2020.
The Tribunal accepted the withdrawal request, noting that a certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020 had been filed. Thus, the appeal was dismissed as withdrawn.
The case emphasizes the utility of the Vivad Se Vishwas Scheme in resolving tax disputes efficiently, allowing taxpayers to settle their disputes outside of traditional litigation. This approach aims to reduce the burden on the judiciary and provide a quicker resolution for taxpayers.
Case Analysis of ITA 197/DEL/2019: Bhandari Builders P.Ltd vs. ITO, Ward-4(4), New Delhi
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