This article provides an in-depth review of the ITA No.837/Del/2019, highlighting the effective use of the Vivad Se Vishwas Scheme (VSVS) in resolving disputes, which has led to a significant reduction in prolonged litigation in the tax domain.
The case involved the Deputy Commissioner of Income Tax, Circle-18(1), Delhi against News 24 Broadcast India Ltd for the assessment year 2012-13. The appeal was originally filed due to disagreements over tax assessments.
During the proceedings at the Income Tax Appellate Tribunal, it was revealed that the assessee opted for the Vivad Se Vishwas Scheme, a government initiative aimed at reducing litigation. This decision led to the withdrawal of the appeal, marking a significant point in tax resolution practices.
This case exemplifies the shift towards using policy tools for reducing backlog and promoting a more efficient tax system. The legal and procedural facets of the VSVS and its impact on the judiciary and taxpayers are analyzed, providing insights into its efficacy and scope.
The withdrawal of ITA 837/DEL/2019 under the Vivad Se Vishwas Scheme not only resolved the immediate dispute but also set a precedent for similar future cases, demonstrating the practical benefits of such government schemes in the realm of tax litigation.
Detailed Analysis of ITA 837/DEL/2019: Resolution Under Vivad Se Vishwas Scheme
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