Date Filed: February 18, 2019
Assessment Year: 2015-16
Order Type: Final Tribunal Order
Date of Order: December 14, 2020
Pronounced On: December 14, 2020
The case ITA 1336/DEL/2019 features appellant Ankush Bansal against the Income Tax Officer, Ward 38(4), New Delhi. Filed in 2019, the appeal addressed disputes for the assessment year 2015-16. The final judgment, rendered via video conferencing due to pandemic protocols, was delivered by the Income Tax Appellate Tribunal, Delhi Bench ‘A’.
Ankush Bansal filed the appeal challenging the order by the learned CIT(A)-13, New Delhi, dated January 25, 2019. The contention centered around the adjustments made in the tax assessments of the year 2015-16, leading to a heightened tax liability for Bansal.
The appeal was set for a virtual hearing due to the ongoing COVID-19 pandemic, maintaining safety and compliance. On the day of the hearing, Ankush Bansal, through a submitted letter, expressed his intention to withdraw the appeal. He opted for the Direct Tax Vivad Se Vishwas Act, 2020, a scheme launched by the government to settle pending tax disputes. A certificate under Section 5(1) of the Act was submitted to confirm his eligibility and acceptance into the scheme.
The Tribunal, after reviewing the submission and upon finding no objection from the Senior DR, accepted Bansal’s request for withdrawal. The order to dismiss the appeal as withdrawn was pronounced, marking a peaceful closure to the tax dispute.
The decision to withdraw the appeal under the Vivad Se Vishwas Scheme illustrates the effectiveness of alternative dispute resolution mechanisms in tax matters. It highlights how such schemes can provide taxpayers a route to settle disputes without prolonged litigation, benefiting both the taxpayer and the administration.
This case of ITA 1336/DEL/2019 exemplifies the strategic use of legal provisions to resolve disputes efficiently. Ankush Bansal’s decision to withdraw his appeal and settle under the Vivad Se Vishwas Scheme, endorsed by the tribunal’s acceptance, resulted in a conclusive resolution on December 14, 2020.
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