This article presents a comprehensive analysis of Natasha Kohli’s decision to withdraw her appeal against the DCIT, Central Circle-8, New Delhi, for the assessment year 2008-09. The case was settled under the Vivad Se Vishwas Scheme, 2020, a direct tax dispute resolution scheme introduced by the Government of India.
The appeal by Natasha Kohli covered multiple assessment years from 2008-09 to 2013-14 and was directed against the order of the learned CIT(A) -24, New Delhi. The final decision to withdraw the appeals was influenced by the option to settle under the Vivad Se Vishwas Scheme, indicating a strategic move to resolve longstanding tax disputes.
The Tribunal, led by Shri G.S. Pannu, Vice President, and Shri K.N. Chary, Judicial Member, accepted the withdrawal request after the assessee submitted a certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020. The decision was pronounced virtually, adhering to the protocols due to the ongoing pandemic.
The withdrawal of the appeal marks a significant resolution of tax disputes through the Vivad Se Vishwas Scheme. This decision not only provides closure to the assessee but also highlights the effectiveness of alternative dispute resolution mechanisms in the realm of tax litigation.
Withdrawal of Appeal Under Vivad Se Vishwas Scheme: Natasha Kohli vs DCIT for AY 2008-09
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