This article explores the case of Sanjivani Corporate Park Developers Ltd vs. ADL/JCIT Special Range-8, New Delhi, specifically addressing how the appeal for the assessment year 2016-17 was resolved under the Vivad Se Vishwas scheme. This case mirrors a similar resolution for the previous assessment year, highlighting consistent strategic decisions by the company.
The company faced a taxation issue for the assessment year 2016-17, following disputes over previous years. Like its prior cases, Sanjivani Corporate Park Developers opted to resolve the dispute through the Vivad Se Vishwas Scheme, seeking to minimize litigation and ensure a quicker resolution.
The hearing, held on October 27, 2021, was swift as the counsel for the assessee requested the withdrawal of the appeal, submitting Form No.3 as proof of the department’s acceptance under the scheme. The tribunal accepted the withdrawal without any objection, reflecting a non-contentious resolution.
The Vivad Se Vishwas scheme represents a significant policy effort by the Indian government to reduce litigation in tax matters. This case serves as a benchmark for other corporates in similar predicaments, offering a pathway to settle disputes amicably without prolonged litigation.
The resolution of the appeal under the Vivad Se Vishwas scheme for the assessment year 2016-17 marks a pivotal moment for Sanjivani Corporate Park Developers, setting a precedent for resolving tax disputes through government-facilitated schemes.
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