This article examines the case of Sanjivani Corporate Park Developers Ltd vs. ADL/JCIT Special Range-8, New Delhi, resolved under the Vivad Se Vishwas scheme. The appeal was initially filed against the order of CIT(A)-8 relating to the assessment year 2015-16 but was subsequently withdrawn after opting into the scheme.
The appellant, Sanjivani Corporate Park Developers Ltd, faced a taxation dispute for the assessment year 2015-16. After the initial appeal process, the company decided to resolve the dispute through the Vivad Se Vishwas Scheme, a government initiative aimed at reducing litigation in direct taxes.
The hearing took place on October 27, 2021, where the counsel for the assessee, supported by the presentation of Form No.3 from the Department, requested the withdrawal of the appeal. The tribunal, acknowledging the settlement under the scheme, allowed the withdrawal without any objection from the senior departmental representative.
The Vivad Se Vishwas scheme provides a mechanism for taxpayers to settle outstanding tax disputes amicably. This case highlights the practical application of the scheme, showcasing how it aids in decongesting the legal system and providing a non-adversarial tax environment.
The dismissal of the appeal as withdrawn under the Vivad Se Vishwas scheme marks a significant moment in tax resolution in India, demonstrating the government’s effort to streamline tax litigation and promote a cooperative approach between taxpayers and the authorities.
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