Case Number: ITA 657/DEL/2019
Appellant: Rajasthali Krishi Farms Private Limited, New Delhi
Respondent: Income Tax Officer, Ward-21(1), New Delhi
Assessment Year: 2010-11
Result: Appeal Withdrawal under Vivad Se Vishwas Scheme
Case Filed On: 2019-01-30
Order Type: Final Tribunal Order
Date of Order: 2021-03-15
Pronounced On: 2021-03-15
Rajasthali Krishi Farms Private Limited, based in New Delhi, had filed an appeal against the assessment order for the assessment year 2010-11. The appeal was filed challenging the various additions and disallowances made by the Assessing Officer (AO) during the scrutiny assessment.
The case was heard before the Income Tax Appellate Tribunal (ITAT), Delhi Bench ‘SMC-1’, with the hearing conducted through video conferencing. The appellant’s representative, Sh. Alok Periwal, CA, presented the case, while the respondent was represented by Ms. Ranu Mukherjee, Senior Departmental Representative (DR).
On 13th March 2021, the appellant submitted a letter via email requesting the withdrawal of the appeal. The request was based on the decision to settle the dispute under the Vivad Se Vishwas Scheme, 2020. The appellant provided a certificate issued under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020, confirming the settlement.
The Vivad Se Vishwas Scheme, 2020, was introduced by the Government of India to facilitate the resolution of long-standing tax disputes. Under this scheme, taxpayers can settle their disputes by paying a specified percentage of the disputed tax amount, thus avoiding prolonged litigation and easing the burden on the judiciary.
The ITAT, comprising Shri R.K. Panda, Accountant Member, accepted the appellant’s request for withdrawal of the appeal. The Senior DR raised no objections to the withdrawal request. Consequently, the Tribunal dismissed the appeal as withdrawn.
The case of Rajasthali Krishi Farms Private Limited vs ITO illustrates the effective use of the Vivad Se Vishwas Scheme to resolve tax disputes amicably. By opting for this scheme, the appellant was able to settle the dispute and avoid further litigation. The Tribunal’s order was pronounced on 15th March 2021, marking the conclusion of the case.
Source: Income Tax Appellate Tribunal, Delhi Bench ‘SMC-1’, New Delhi
Disclaimer: This article provides an overview of the case and is not a substitute for professional legal advice. For detailed information, readers are encouraged to refer to the official case documents and consult with a qualified legal professional.
Rajasthali Krishi Farms vs ITO: Appeal Withdrawal under Vivad Se Vishwas Scheme for AY 2010-11
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