The case of Stryker India Pvt. Ltd. versus the Additional Commissioner of Income Tax, Special Range-8, New Delhi, pertains to the assessment year 2015-16. This case summary provides insights into the tax dispute and its resolution under the Vivad Se Vishwas Scheme.
The appellant, Stryker India Pvt. Ltd., faced tax disputes for multiple assessment years including 2015-16. The disputes were related to assessments made by the Income Tax Department, which were contested by the company.
In a significant move towards resolution, Stryker India opted to withdraw their appeals for the mentioned assessment years under the Vivad Se Vishwas Scheme, a government initiative aimed at reducing litigation in direct tax disputes. This decision was formalized after the company submitted a certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020, indicating their intention to settle the disputes out of court.
The withdrawal of the appeal by Stryker India highlights the practical application of the Vivad Se Vishwas Scheme as an effective alternative dispute resolution mechanism. It underscores the scheme’s role in fostering a cooperative environment between taxpayers and the tax authorities, reducing the burden of litigation for both parties.
The resolution of the dispute through the Vivad Se Vishwas Scheme marks a positive outcome for Stryker India, allowing the company to focus on its business operations without the overhang of tax disputes. This case serves as an exemplary model for other corporations facing similar tax challenges.
ITA 1091/DEL/2020: Stryker India Pvt. Ltd. vs. Addl. CIT, Special Range-8, New Delhi
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