The case ITA No. 1270/Del/2019 involves appellant Udit Jain and respondent ITO Ward – 57(5), New Delhi, regarding the assessment year 2014-15. The appeal, originally filed against the order of the learned CIT(A)-37 dated 24.12.2018, was eventually withdrawn by the appellant.
Udit Jain opted to settle the tax dispute under the Vivad Se Vishwas Scheme, 2020, a legislative approach designed to reduce litigation in the Indian taxation system. A certificate confirming the settlement under Section 5(1) of the Direct Tax Vivad Se Vishwas Act, 2020, was submitted by the appellant.
The proceedings were held through video conferencing, reflecting the modern approach to judicial processes. The hearing, conducted on 28th October 2020, led to the withdrawal of the appeal following the settlement confirmation.
This case highlights the effectiveness of alternative dispute resolution mechanisms in resolving tax disputes, potentially serving as a model for other taxpayers facing similar issues. The decision also underscores the government’s intent to facilitate a taxpayer-friendly environment and reduce the burden on the judicial system.
The dismissal of Udit Jain’s appeal as withdrawn marks a successful resolution of a tax dispute through the Vivad Se Vishwas Scheme, emphasizing the importance and effectiveness of such schemes in the context of Indian tax law.
Settlement of Tax Dispute for Udit Jain in AY 2014-15 under Vivad Se Vishwas Scheme
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