The case number ITA 701/DEL/2019 involves the appellant, Planman Media Pvt. Ltd., New Delhi, and the respondent, DCIT, Circle-20(1), New Delhi. This case pertains to the assessment year 2014-15 and was filed on January 31, 2019. The order type is a Final Tribunal Order, with the date of the order and the date it was pronounced being April 30, 2021.
The appeal was brought before the Income Tax Appellate Tribunal (ITAT), Delhi Bench ‘B’, New Delhi, with a panel comprising Shri G.S. Pannu, Vice President, and Shri Kul Bharat, Judicial Member. The hearing was conducted through video conferencing due to the prevailing circumstances.
Planman Media Pvt. Ltd. sought to challenge the order dated November 2, 2018, passed by the CIT(A)-7, New Delhi. The specific grounds of appeal were not detailed in the order as the appellant chose to withdraw the appeal during the proceedings.
On April 7, 2021, the learned counsel for the appellant submitted a letter requesting the withdrawal of the appeal. The letter stated that the appellant had opted to settle the dispute relating to the tax arrears for the assessment year under consideration under the Vivad Se Vishwas Scheme, 2020. A certificate to this effect under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020, was also filed.
The Vivad Se Vishwas Scheme, introduced in 2020, aimed to resolve direct tax disputes by providing a mechanism for taxpayers to settle their tax disputes by paying the disputed tax amount with a waiver of interest and penalties. This scheme was intended to reduce litigation and expedite the resolution of long-pending disputes.
The learned Senior Departmental Representative (DR) had no objection to the withdrawal request made by the appellant. This facilitated a smooth and expedited resolution of the case.
Considering the appellant’s request and the absence of objections from the revenue, the tribunal accepted the request for withdrawal. Consequently, the appeal filed by Planman Media Pvt. Ltd. was dismissed as withdrawn.
The case of Planman Media Pvt. Ltd. vs. DCIT Circle-20(1), New Delhi, exemplifies the effective use of the Vivad Se Vishwas Scheme, 2020, to resolve tax disputes. The scheme has provided a platform for taxpayers to settle disputes amicably and avoid prolonged litigation.
This case highlights the importance of alternative dispute resolution mechanisms in the Indian tax system. By opting for the Vivad Se Vishwas Scheme, Planman Media Pvt. Ltd. was able to settle its tax arrears without further legal proceedings, thus saving time and resources for both the taxpayer and the tax authorities.
The tribunal’s decision to allow the withdrawal of the appeal under the scheme demonstrates the judiciary’s support for such dispute resolution initiatives. This case serves as a reference for other taxpayers considering similar schemes to resolve their tax disputes.
The outcome of this case reiterates the benefits of the Vivad Se Vishwas Scheme, 2020, in providing a practical solution for taxpayers facing tax arrears. The scheme’s emphasis on resolving disputes through settlement rather than litigation is a positive step towards a more efficient and taxpayer-friendly tax administration.
Overall, the dismissal of the appeal of Planman Media Pvt. Ltd. as withdrawn under the Vivad Se Vishwas Scheme underscores the effectiveness of the scheme in facilitating the resolution of tax disputes and promoting voluntary compliance among taxpayers.
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