The case between Sherul Porwal and ACIT, Circle-59(1), for the assessment year 2014-15, involves complex issues that led to an appeal filed by Sherul Porwal. This appeal was directed against the order of the Commissioner of Income Tax (Appeals)-37, New Delhi dated January 31, 2019.
The legal proceedings in ITA No. 1577/DEL/2019 came to a conclusion with Sherul Porwal opting to resolve the dispute through the Direct Tax Vivad Se Vishwas Act, 2020. This choice was communicated through an email dated March 18, 2021, leading to a formal withdrawal of the appeal.
The appeal was formally withdrawn during a virtual hearing on March 25, 2021, following the assessee’s decision to settle under the Vivad Se Vishwas Scheme, which aims to provide a mechanism for resolution of pending tax disputes. The Tribunal accepted the withdrawal, and the case was dismissed as withdrawn.
This case highlights the effectiveness of alternative dispute resolution mechanisms in tax disputes, providing a timely resolution and potentially reducing litigation costs and effort on both sides.
Case Analysis: ITA No. 1577/DEL/2019 – Sherul Porwal vs. ACIT, Circle-59(1), Assessment Year 2014-15
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