Resolution of Ram Kapoor’s Dispute with DCIT Circle-2, Ghaziabad under Vivad Se Vishwas for AY 2014-15
Introduction
The Income Tax Appellate Tribunal in Delhi addressed the dispute between Ram Kapoor and the Deputy Commissioner of Income Tax, Circle-2, Ghaziabad for the assessment year 2014-15, culminating in a significant decision on 16th July 2021.
Case Background
Ram Kapoor, a resident of Kavi Nagar, Ghaziabad, had been embroiled in tax disputes pertaining to the assessment year 2014-15. The case was initially handled by the Commissioner of Income Tax Appeals in Ghaziabad, whose decision was later contested in the Tribunal.
Proceedings and Decision
During the virtual hearing, Ram Kapoor opted to withdraw the appeal, choosing instead to settle the tax arrears under the Direct Tax Vivad Se Vishwas Act, 2020. This act, designed to reduce litigation in direct taxes, provided a platform for Kapoor to resolve his disputes amicably. The Tribunal accepted the withdrawal, marking a pivotal conclusion to the legal proceedings.
Implications and Conclusion
The decision to settle under the Vivad Se Vishwas scheme highlights the effectiveness of alternative dispute resolution mechanisms in tax disputes. This case sets a precedent for similar disputes, emphasizing the government’s commitment to reducing litigation and providing taxpayers with amicable settlement options.