Case Number: ITA 1742/DEL/2020
Appellant: Three D Integrated Solutions Limited, New Delhi
Respondent: DCIT Circle-25(2), New Delhi
Assessment Year: 2017-18
Case Filed On: 2020-10-21
Order Type: Final Tribunal Order
Date of Order: 2021-09-29
Pronounced On: 2021-09-29
The case involved Three D Integrated Solutions Limited (the appellant), which filed an appeal against the order dated 28.08.2020 of the Commissioner of Income Tax (Appeals)-9, New Delhi, for the assessment year 2017-18. The primary issue in the appeal was the appellant’s tax liabilities, which it sought to resolve through the Direct Taxes Vivad Se Vishwas Scheme, 2020.
The main issue was the settlement of the appellant’s tax liabilities under the Vivad Se Vishwas Scheme, which allows taxpayers to settle disputes by paying a specified amount and getting a waiver of interest and penalties.
The respondent, represented by Shri Gaurav Pundir, Sr. D.R., did not raise any objections to the appellant’s request for disposing of the appeal under the Vivad Se Vishwas Scheme.
The ITAT, comprising Accountant Member R.K. Panda and Judicial Member Ms. Suchitra Kamble, considered the submissions from both parties and reviewed the case record. Key findings included:
The ITAT disposed of the appeal filed by Three D Integrated Solutions Limited in terms of the Vivad Se Vishwas Scheme, 2020. The appeal was settled subject to the approval of the scheme by the Competent Authority.
This case highlights the application of the Direct Taxes Vivad Se Vishwas Scheme, 2020, which provides a mechanism for taxpayers to settle disputes and reduce litigation. The scheme aims to resolve long-standing tax disputes by allowing taxpayers to pay a specified amount and receive waivers on interest and penalties. The tribunal’s decision to dispose of the appeal in terms of the scheme underscores its effectiveness in reducing the backlog of tax litigation and providing relief to taxpayers.
Order pronounced in the open court on 29/09/2021 by Accountant Member R.K. Panda and Judicial Member Ms. Suchitra Kamble.
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