In ITA 175/DEL/2019, Premium Business Solutions P. Ltd contested against the ITO, Ward-20(4), New Delhi, regarding tax assessments for the 2010-11 assessment year. The appeal focused on resolving outstanding tax arrears under the Vivad Se Vishwas Scheme, designed to mitigate lengthy legal disputes over tax issues.
The case was initially brought to the Income Tax Appellate Tribunal due to disagreements over tax assessments made for the year 2010-11. The appeal by the assessee was a strategic move to seek a fair resolution outside the traditional litigation process, showcasing a shift towards alternative dispute resolution mechanisms in tax-related matters.
The tribunal conducted the hearing virtually on 15th April 2021, adapting to the restrictions imposed by the COVID-19 pandemic. This adaptation highlighted the judiciary’s flexibility and willingness to incorporate technology in legal proceedings. The absence of the appellant during the hearing was noted, and communication was maintained through electronic submissions.
The request for withdrawal of the appeal was granted after the assessee opted to settle the tax dispute under the Vivad Se Vishwas Scheme. This move was supported by a certificate filed under Section 5(1) of the Direct Tax Vivad Se Vishwas Act, 2020, effectively closing the case with no objections from the Senior DR.
This case underscores the effectiveness of the Vivad Se Vishwas Scheme as a practical tool for resolving tax disputes. It demonstrates the benefits of such schemes, which include reducing the backlog of cases in tax tribunals and courts, and providing taxpayers with a more straightforward path to resolving disputes without extensive litigation.
Navigating Tax Dispute Resolution: ITA 175/DEL/2019 Settled Under Vivad Se Vishwas Scheme
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