This case summary discusses the withdrawal of the appeal by Sanjay Gupta against the ACIT, Circle 63(1), New Delhi, for the assessment year 2015-16, under the Vivad Se Vishwas Scheme, 2020. The appeal was filed on May 27, 2019, and the final order was pronounced on February 18, 2021.
Sanjay Gupta filed an appeal against the assessment order passed by the CIT(A) 20, New Delhi. The appeal was in relation to the assessment year 2015-16. The primary contention in the appeal was regarding certain tax arrears assessed by the Income Tax Department.
The Vivad Se Vishwas Scheme, introduced by the Indian government in 2020, aims to provide a mechanism for taxpayers to settle their pending disputes with the Income Tax Department. The scheme offers taxpayers the opportunity to pay their tax dues with a complete waiver of interest and penalties, provided the payment is made by the stipulated deadline.
The case was heard through video conferencing due to the ongoing COVID-19 pandemic. On the date of the hearing, the representative of Sanjay Gupta, Shri Ramesh Goyal, CA, submitted an application seeking the withdrawal of the appeal. The application stated that Sanjay Gupta had opted to settle the dispute under the Vivad Se Vishwas Scheme, 2020.
The Additional CIT (DR), Shri Farat Khan, had no objections to the withdrawal.
The tribunal, comprising Accountant Member Shri R.K. Panda, accepted the request for withdrawal. In the final order, the tribunal stated, “In view of the above submission of the Ld. Counsel for the assessee and in absence of any objection from the side of the Ld. Addl. CIT(DR), the request of the assessee seeking withdrawal of the appeal is allowed. The appeal filed by the assessee is accordingly dismissed.”
This decision was pronounced at the conclusion of the virtual hearing on February 18, 2021.
The withdrawal of the appeal by Sanjay Gupta under the Vivad Se Vishwas Scheme underscores the effectiveness of the scheme in resolving tax disputes amicably. By opting for this scheme, Sanjay Gupta was able to settle his tax arrears without further litigation, benefiting from the waiver of interest and penalties.
The Vivad Se Vishwas Scheme has been a significant step by the Indian government to reduce litigation and provide a timely resolution to tax disputes. This case serves as a positive example of how the scheme can be utilized by taxpayers to achieve a favorable outcome.
Overall, the decision to withdraw the appeal highlights the practical benefits of the Vivad Se Vishwas Scheme for both the taxpayers and the tax authorities, promoting a more efficient tax administration system.
Withdrawal of Appeal by Sanjay Gupta Under Vivad Se Vishwas Scheme in ITA No. 4787/DEL/2019
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