The Income Tax Appellate Tribunal (ITAT) Delhi Bench ‘A’ delivered a significant decision on January 8, 2021, concerning a tax dispute involving Manoj Kumar Vaish (HUF) and the Income Tax Officer (ITO), Ward-I, Badaun for the assessment year 2015-16. This case highlights the efficacy of the Vivad Se Vishwas Scheme, a government initiative to resolve pending tax disputes and reduce litigation.
Manoj Kumar Vaish (HUF) entered into a legal dispute over tax assessments for the year 2015-16, which was addressed by ITAT. The case focused on discrepancies and disagreements in tax calculations that were deemed significant by both the appellant and the respondent.
In a move to settle the disputes amicably, the appellant opted to resolve the issues under the Vivad Se Vishwas Scheme. This decision followed the filing of an appeal against the order of the learned Commissioner of Income Tax (Appeals), Moradabad. The scheme allowed for a straightforward resolution process, avoiding prolonged litigation and facilitating a quicker resolution to tax disputes.
The tribunal acknowledged the appellant’s decision to withdraw the appeal in light of the settlement achieved through the Vivad Se Vishwas Scheme. This case underscores the benefits of the scheme, providing a mutually agreeable resolution framework for both taxpayers and the tax authority, leading to the withdrawal of the appeal.
The resolution of ITA 5075/DEL/2019 serves as a pertinent example of how tax disputes can be effectively resolved through governmental schemes aimed at reducing judicial backlog and facilitating compliance. The case of Manoj Kumar Vaish (HUF) vs. ITO, Badaun illustrates the practical application of such schemes in real-world scenarios, promoting a better understanding of alternative dispute resolution mechanisms in tax matters.
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