This comprehensive analysis covers the ITAT proceedings and conclusion in the case of Ruchi Goyal vs. ITO, Ward-57(2), New Delhi for the assessment year 2014-15. The case, listed under ITA No.1045/Del/2019, concluded with an interesting turn as the appellant opted for the Vivad Se Vishwas Scheme.
Ruchi Goyal, represented by M K Bhatt & Co., CAs, faced discrepancies in the tax assessment for the year 2014-15, leading to an appeal against the order of the CIT(A)-37, New Delhi dated 31.12.2018.
During the virtual hearing on April 15, 2021, presided over by Shri G.S. Pannu, Vice President, and Shri Kul Bharat, Judicial Member, the appellant was not present. A letter from the assessee expressed the intent to withdraw the appeal, citing settlement under the Vivad Se Vishwas Scheme.
The withdrawal under the Vivad Se Vishwas Scheme marks a significant step towards resolving disputes out of court, providing a clear pathway for other taxpayers considering this option. The decision also highlights the flexibility of the ITAT in allowing withdrawals and possible reinstatement of appeals under specific conditions.
This case serves as a pertinent example of the practical application of the Vivad Se Vishwas Scheme in resolving tax disputes efficiently. The resolution not only addresses the immediate fiscal concerns of Ruchi Goyal but also sets a precedent for similar cases, encouraging a more conciliatory approach to tax litigation.
Detailed Analysis of Ruchi Goyal vs. ITO, Ward-57(2), New Delhi, AY 2014-15
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