This document provides a detailed examination of the tax dispute between Vibhor Jindal HUF and the Income Tax Officer, Ward 35(5), New Delhi for the assessment year 2015-16, culminating in a resolution under the Vivad Se Vishwas Scheme.
The appellant, Vibhor Jindal HUF, faced discrepancies in tax assessments leading to appeals against orders by the CIT(A)-12 and CIT(A)-37. The cases, marked by ITA No. 1177/Del/2019 and ITA No. 1178/Del/2019 for respective assessment years, were processed through virtual hearings due to pandemic protocols.
During the proceedings, there was no representation from the appellant’s side; however, the appellant opted to withdraw the appeals, signaling a move to settle the disputes under the government’s Vivad Se Vishwas Scheme, aimed at reducing litigation in direct tax disputes.
The Tribunal, led by Shri R.K. Panda, Accountant Member, accepted the withdrawal of the appeals, leading to a dismissal of the cases as withdrawn. This decision aligns with the broader policy shift towards encouraging settlements and reducing judicial backlog.
The resolution under the Vivad Se Vishwas Scheme highlights the evolving landscape of tax dispute resolutions in India, emphasizing governmental efforts to streamline tax litigation and promote a non-adversarial tax environment.
Tax Resolution Details: Vibhor Jindal HUF vs. ITO Ward 35(5), ITA No. 1177/DEL/2019
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