This case involves M/s S.J. Realcon Pvt. Ltd., who appealed against the order of the CIT(A), New Delhi for the assessment year 2014-15. The primary discussion in the appeal pertains to the resolution of tax arrears under the Vivad Se Vishwas Scheme.
The appeal was filed by the appellant against the decision made by the CIT(A) on April 29, 2019. The primary contention involved disputes related to tax arrears for the fiscal year.
During the proceedings, conducted via video conferencing, the appellant opted to withdraw the appeal. This decision was communicated through an email dated November 12, 2020, and was based on the choice to settle disputes under the Vivad Se Vishwas Scheme, demonstrating a move towards a non-contentious resolution of tax disputes.
The tribunal accepted the withdrawal request, leading to the dismissal of the appeal as withdrawn. This resolution marks the end of the litigation concerning the assessment year in question, allowing both parties to avoid prolonged litigation.
The case highlights the utility of alternative dispute resolution mechanisms in tax disputes, offering a quicker and less adversarial route. This case serves as an example of how tax disputes can be efficiently resolved through government schemes aimed at reducing litigation.
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