This document presents a detailed review of the ITAT case involving Rashi Goyal against the ITO, Ward-57(2), New Delhi for the assessment year 2014-15, referenced as ITA No.1046/Del/2019.
The appeal by Rashi Goyal challenged the order of the CIT(A)-37, New Delhi dated 27.12.2018. The case was noted for its culmination through the Vivad Se Vishwas Scheme, aimed at reducing litigation in direct tax disputes.
During the virtual hearing on June 8, 2021, presided over by Judicial Member Shri Kul Bharat and Accountant Member Shri O.P. Kant, the appellant’s absence was noted, and a decision was made based on the written submissions. These submissions indicated that Rashi Goyal opted to resolve the tax dispute under the Vivad Se Vishwas Scheme, 2020.
The tribunal accepted the withdrawal of the appeal by the assessee, subject to the caveat that should the resolution under the Vivad Se Vishwas Scheme not reach a final settlement, the appellant retains the right to reinstate the appeal. This caveat ensures a safeguard against unresolved disputes, potentially influencing future cases under the scheme.
This case highlights the practical application of the Vivad Se Vishwas Scheme in judicial proceedings, providing valuable insights into the resolution process and its impact on taxpayers and the legal framework. The decision supports the government’s initiative to reduce pending litigation and promote a taxpayer-friendly environment.
Comprehensive Overview of Rashi Goyal vs. ITO, Ward-57(2), New Delhi, AY 2014-15
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