This article explores the tax dispute case of Kailash Aggarwal versus ITO Ward 59(3), New Delhi for the assessment year 2015-16, which concluded with a settlement under the Vivad Se Vishwas Scheme.
Kailash Aggarwal, the appellant, faced a tax dispute for the assessment year 2015-16, which led to an appeal against the order of the CIT(A)-19, New Delhi. The case highlights significant aspects of the tax dispute resolution process in India.
The case was marked by Aggarwal’s decision to settle the tax arrears through the Vivad Se Vishwas Scheme, a government initiative aimed at reducing litigation in direct taxes. This scheme provides a framework for taxpayers to settle disputes by paying a portion of the outstanding taxes, thus bypassing the lengthy processes involved in legal battles.
On September 23, 2022, the Income Tax Appellate Tribunal accepted Aggarwal’s request to withdraw the appeal following his settlement under the scheme. The tribunal noted the receipt of Form No. 5, dated February 2, 2021, from PCIT, Delhi-15, which confirmed the full and final settlement of the tax arrears.
This case serves as an example of the effectiveness of the Vivad Se Vishwas Scheme in resolving disputes efficiently and expeditiously. It underscores the potential benefits of such schemes in fostering a more compliant and less adversarial tax environment.
Kailash Aggarwal vs ITO Ward 59(3), New Delhi: Tax Dispute Resolution for AY 2015-16
Manage the increasing number of hearings effortlessly by leveraging the legal AI revolution We are India's Leading revolutionary AI-powered legal platform where you can get enough insights into top cases and judgements.
Research Platform