This article provides an in-depth review of the tax dispute involving Raveesh Aggarwal for the assessment year 2015-16, resolved through the Vivad Se Vishwas Scheme.
Raveesh Aggarwal appealed against the order of the CIT(A)-12, but later opted to withdraw the appeal and settle the dispute under the Vivad Se Vishwas Scheme. This decision reflects the increasing acceptance of alternative dispute resolution mechanisms in tax matters.
The tribunal accepted Aggarwal’s request to withdraw his appeal, noting his choice to resolve the dispute through the Vivad Se Vishwas Scheme, which aims to reduce litigation and provide taxpayers with a straightforward way to settle tax disputes.
The withdrawal marks a successful resolution of a tax dispute without further litigation, showcasing the benefits of the scheme in fostering compliance and simplifying the tax dispute resolution process.
Raveesh Aggarwal vs. ACIT: Resolution Under Vivad Se Vishwas
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