This case analysis provides an overview of Atul Bajaj’s appeal in ITA 1399/DEL/2019 against the order of CIT(A)-14, New Delhi, for the assessment year 2014-15, which was ultimately withdrawn in favor of a dispute settlement under the Vivad Se Vishwas Scheme.
Atul Bajaj challenged the adjustments and tax liabilities assessed by the ITO, Ward-42(1), New Delhi. The focus of the dispute was on the assessment year 2014-15, leading to multiple legal proceedings.
On March 12, 2021, Bajaj opted to settle the ongoing dispute under the Vivad Se Vishwas Scheme. This section discusses the procedural aspects of the settlement and the implications of this decision.
The decision to settle under the Vivad Se Vishwas Scheme has significant legal and financial consequences. This part of the article analyzes these aspects, emphasizing the legal precedent and outcomes related to such settlements.
The case of ITA 1399/DEL/2019 serves as a significant example of how tax disputes can be efficiently resolved through government schemes aimed at reducing litigation. This case study explores the broader impact of such resolutions on the judicial system and taxpayers.
Closure of Atul Bajaj’s Tax Dispute Under Vivad Se Vishwas Scheme in ITA 1399/DEL/2019
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