In an era where tax disputes can drag on for years, the resolution of ITA 5006/DEL/2019 under the Vivad Se Vishwas scheme highlights a swift and effective method for settling such disputes.
The case involved Abhinav Bhardwaj who faced tax claims for the assessment year 2015-16 by the ITO, Ward-35(2), New Delhi. The complexities of the tax dispute required a strategic approach to resolution.
In 2021, Bhardwaj decided to settle the dispute through the Vivad Se Vishwas scheme, a government initiative aimed at reducing litigation in tax disputes. This decision was facilitated by the issuance of Form No. 3, confirming the settlement of the disputed tax.
The appeal was initially heard through video conferencing, reflecting modern adjustments to legal proceedings. The final decision to withdraw the appeal post-settlement demonstrates the scheme’s capability to provide relief and finality to taxpayers.
This case serves as a benchmark for similar tax disputes, illustrating the potential of the Vivad Se Vishwas scheme to expedite dispute resolution. It reduces the burden on judicial resources while providing taxpayers a clear path to compliance.
The successful settlement of ITA 5006/DEL/2019 not only resolved the immediate tax dispute for Bhardwaj but also set a precedent for the effective use of alternative dispute resolution mechanisms in tax matters.
Successful Resolution of Tax Dispute Under Vivad Se Vishwas for ITA 5006/DEL/2019
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