Appellant: Grid Solutions SAS (formerly Alstom Grid SAS)
Respondent: DCIT (International Taxation), Circle-1(1)(1), New Delhi
This appeal by Grid Solutions SAS for the assessment year 2015-16 was against the order of the CIT(A)-42, New Delhi. The case was noted for its implications on international taxation and was keenly observed for its potential precedents.
The case was scheduled for a virtual hearing due to the ongoing pandemic constraints. However, before the hearing could take place, Grid Solutions SAS opted to withdraw the appeal, deciding instead to settle the dispute under the Vivad Se Vishwas Scheme, 2020. This decision was facilitated by the submission of a withdrawal request along with the necessary certificate under Section 5(1) of the Direct Tax Vivad Se Vishwas Act, 2020.
The decision to withdraw and settle under the Vivad Se Vishwas Scheme highlights a significant shift towards dispute resolution mechanisms in tax litigation. This move is part of a broader trend aimed at reducing pending cases and facilitating quicker resolutions of tax disputes.
The withdrawal of ITA No. 4969/DEL/2019 signifies a successful resolution under the Vivad Se Vishwas Scheme and sets a precedent for similar cases. This case exemplifies how tax disputes can be efficiently resolved through government schemes, providing a clear pathway for other entities involved in similar disputes.
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