The case of Veena Gupta vs. Income Tax Officer, Ward-2(4), New Delhi encapsulates the complexities of tax disputes and the resolution mechanism provided by the Vivad Se Vishwas Scheme in 2020. This analysis presents an in-depth look at the proceedings that led to the withdrawal of the appeal by Ms. Gupta and the implications of such settlements.
The appeal filed by Ms. Veena Gupta challenged the order by the Commissioner of Income Tax(A)-1, New Delhi dated December 17, 2018, concerning the assessment year 2014-15. The grounds for appeal were based on objections to the tax assessment procedures and outcomes that were perceived as unfavorable by the appellant.
The tribunal hearing, presided over by Shri G.S. Pannu, Vice President, and Shri K.N. Chary, Judicial Member, took place via video conferencing due to the ongoing pandemic restrictions. During the proceedings, it was brought to light that Ms. Gupta opted to resolve the dispute through the Direct Tax Vivad Se Vishwas Act, 2020.
The legal counsel for Ms. Gupta submitted a formal request for the withdrawal of the appeal, citing her decision to settle under the Vivad Se Vishwas scheme. This move was supported by the filing of a certificate under Section 5(1) of the said Act, signifying the government’s acceptance of the settlement.
The tribunal accepted the withdrawal request, and the appeal was officially dismissed as withdrawn. This decision underscores the effectiveness of the Vivad Se Vishwas scheme as a dispute resolution mechanism, aimed at reducing litigation and providing taxpayers a pathway to settle tax disputes amicably.
The case of Veena Gupta is a pivotal example of how tax disputes can be efficiently resolved through government schemes designed to minimize litigation and simplify the tax dispute resolution process. The outcome of this case not only provided relief to the taxpayer but also helped in decongesting the judicial system.
Detailed Examination of ITA No. 850/DEL/2019: Veena Gupta’s Settlement Under Vivad Se Vishwas Scheme
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