This detailed review covers the resolution of a tax dispute involving Hari Prakash Bansal, who opted for settlement under the Vivad Se Vishwas Scheme for the assessment year 2015-16. This case was handled by the ITAT Delhi Bench ‘A’ through video conferencing, reflecting modern judicial practices.
Hari Prakash Bansal, faced with a tax dispute for the assessment year 2015-16, chose to resolve the issue through the Vivad Se Vishwas Scheme, which aims to mitigate litigation and simplify the resolution of pending tax disputes. This initiative is part of a broader government effort to reduce legal backlog and provide taxpayers with a straightforward path to resolve disputes.
The proceedings took a significant turn when Bansal, through his counsel, formally requested the withdrawal of his appeal, citing his election to settle under the Vivad Se Vishwas Scheme. This move was supported by the documentation required under the scheme, demonstrating compliance with its stipulations.
The ITAT, led by Shri G.S. Pannu and Shri Amit Shukla, accepted Bansal’s request to withdraw the appeal. This decision facilitated a swift resolution and is indicative of the tribunal’s support for alternative dispute resolution mechanisms that expedite the settlement process and reduce the judiciary’s burden.
The case of Hari Prakash Bansal illustrates the practical benefits of the Vivad Se Vishwas Scheme. It highlights how such schemes can effectively reduce litigation time and promote a more efficient tax resolution system. The decision also serves as a precedent for other taxpayers considering similar avenues for resolving disputes.
Settlement Review: Hari Prakash Bansal’s Tax Dispute under Vivad Se Vishwas in ITA 962/DEL/2019
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