This document provides a comprehensive review of the Income Tax Appellate Tribunal’s decision regarding the tax dispute between News 24 Broadcast India Ltd and the Deputy Commissioner of Income Tax (DCIT), Circle-18(1), Delhi for the assessment year 2012-13. The case, filed under ITA No. 139/DEL/2019, concluded with an appeal withdrawal facilitated by the Vivad Se Vishwas Scheme.
News 24 Broadcast India Ltd, based in Noida, Uttar Pradesh, faced a tax dispute for the assessment year 2012-13. The appeal was initially filed against the order of the Commissioner of Income Tax (Appeals)-28, New Delhi dated November 1, 2018. The primary contention involved the tax arrears for the specified assessment year.
The appellant sought to resolve the ongoing tax dispute under the Vivad Se Vishwas Scheme, 2020, an initiative by the Indian government designed to reduce litigation and provide a mechanism for taxpayers to settle disputes amicably. A formal certificate under Section 5(1) of the Direct Tax Vivad Se Vishwas Act, 2020, was submitted to validate the settlement.
On the scheduled date of hearing, the counsel for the appellant, Shri Amit Arora, requested the withdrawal of the appeal, stating that the dispute had been settled under the Vivad Se Vishwas Scheme. The Senior Departmental Representative, Shri Bhopal Singh, raised no objections to this request.
The tribunal, comprising Judicial Member Shri Kul Bharat and Accountant Member Shri Pradip Kumar Kedia, accepted the request for withdrawal. The order was pronounced on March 15, 2022, confirming the dismissal of the appeal as withdrawn.
The resolution of this case under the Vivad Se Vishwas Scheme highlights the effectiveness of this scheme in reducing prolonged litigation. It provides a precedent for other taxpayers facing similar disputes, illustrating a viable pathway for amicable resolution and settlement of tax arrears.
This case underscores the importance of alternative dispute resolution mechanisms in the Indian tax system. The tribunal’s decision to accept the withdrawal request under the Vivad Se Vishwas Scheme reinforces the scheme’s role in fostering a more efficient and taxpayer-friendly dispute resolution process.
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