Date Filed: February 19, 2019
Assessment Year: 2010-11
Order Type: Final Tribunal Order
Date of Order: January 6, 2021
Pronounced On: January 6, 2021
This case documents the appeal by MSD Constructions P. Ltd against the order from the Commissioner of Income Tax Appeals (CIT(A)) dated January 16, 2019, concerning the assessment year 2010-11.
The company contested the adjustments made by the Income Tax Officer from Ward 17(2), New Delhi. The primary issue revolved around discrepancies reported by the tax authority regarding financial transactions from the 2010-11 fiscal year.
The appeal took a significant turn when MSD Constructions opted to settle the dispute under the Vivad Se Vishwas Scheme 2020, a government initiative aimed at reducing litigation. Following the submission and acceptance of Form No. 1 & 2 under the scheme, the company requested the tribunal to dismiss the appeal, pending the issuance of Form No. 3.
Considering the settlement under the Vivad Se Vishwas Scheme, the Tribunal disposed of the appeal as withdrawn, subject to the final issuance of Form No. 3, marking a successful resolution of the dispute without further litigation.
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