This article delves into the case of Dhirendra Buildcon Pvt. Ltd versus ITO Ward-7(3), New Delhi, pertaining to the assessment year 2010-11. This case is a continuation and relates to the broader judicial context involving corporate tax disputes and resolutions.
Dhirendra Buildcon Pvt. Ltd faced scrutiny for the financial years 2009-10 and 2010-11. The appellant contested the tax assessments made by the Income Tax Officer, which were subsequently upheld by the Commissioner of Income Tax (Appeals).
In a strategic move, the appellant opted to withdraw the appeals under the Vivad Se Vishwas Scheme, 2020. This decision was formalized through the submission of the required certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020. The withdrawal was accepted by the tribunal, marking an end to the litigation for these assessment years.
The decision to settle under the Vivad Se Vishwas Scheme illustrates a significant shift towards alternative dispute resolution mechanisms in tax disputes. It reflects the intent of the legislative framework to reduce litigation and allow for more amicable settlement of disputes.
The resolution of the dispute between Dhirendra Buildcon Pvt. Ltd and the Income Tax Department showcases the effective use of the Vivad Se Vishwas Scheme as a tool for resolving complex tax disputes. It underscores the benefits of such schemes in fostering a cooperative approach between taxpayers and tax authorities.
ITA 1089/DEL/2020: Dhirendra Buildcon P.Ltd vs. ITO, Ward-7(3), New Delhi
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