This article provides a detailed examination of the appeal ITA 1408/DEL/2019 for the assessment year 2012-13, involving Balaji Polycoat Pvt. Ltd and the Deputy Commissioner of Income Tax (DCIT), Circle-04(1), New Delhi.
The case discusses the appeal filed by Balaji Polycoat Pvt. Ltd against the order of Ld. CIT(A)-2, New Delhi dated 23.10.2017. The primary focus was on disputes related to the tax assessments for the fiscal year 2012-13.
The hearing, conducted via video conferencing due to health protocols, saw no appearance from the appellant’s side. However, prior communication indicated the appellant’s intention to withdraw from the appeal, opting instead to settle the dispute under the Vivad Se Vishwas Scheme, 2020, which aims to reduce litigation by allowing tax dispute resolution through a defined framework.
The bench, including SHRI KUL BHARAT, Judicial Member, and SHRI O.P.KANT, Accountant Member, accepted the withdrawal request. The senior departmental representative did not object to this resolution. As a result, the appeal was officially dismissed as withdrawn on the 1st of July, 2021, marking a successful resolution under the said scheme.
The case of ITA 1408/DEL/2019 serves as a relevant example of the practical application of the Vivad Se Vishwas Scheme, showcasing its effectiveness in encouraging taxpayers to settle disputes without extended legal proceedings and thus easing the burden on judicial systems.
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