This article examines the tax appeal filed by Siddharth Chaudhry against the Income Tax Officer, Ward-70(3), New Delhi for the assessment year 2014-15, which was resolved through the Vivad Se Vishwas Scheme, 2020.
Siddharth Chaudhry appealed against the order of CIT(A)-21, New Delhi, dated September 20, 2017, which pertained to the assessment year 2014-15. The appeal was focused on disputed tax arrears which Siddharth Chaudhry opted to settle under the Vivad Se Vishwas Scheme, 2020, reflecting a shift towards non-adversarial tax resolution mechanisms.
Under the Vivad Se Vishwas Scheme, 2020, introduced by the Government of India to reduce pending income tax litigation, Siddharth Chaudhry sought to settle the dispute out of court. After opting for the scheme, a formal withdrawal from ongoing appellate proceedings was requested, highlighting the scheme’s effectiveness in providing a straightforward resolution pathway for tax disputes.
The tribunal, presided over by Shri R.K. Panda, Accountant Member, acknowledged the withdrawal application filed by the assessee’s counsel. Given the absence of objection from the Department’s representative and the fulfillment of the scheme’s conditions, including obtaining Form No.3, the appeal was dismissed as withdrawn on February 4, 2021.
This case underlines the practical aspects of the Vivad Se Vishwas Scheme as a tool for reducing litigation backlog and encouraging compliance. It serves as a precedent for other taxpayers considering similar routes to resolve their disputes, emphasizing the importance of such schemes in enhancing the efficiency of tax administration and governance.
The dismissal of ITA No. 4770/DEL/2019 as withdrawn marks a successful resolution of tax disputes through innovative government schemes, pointing towards an evolving landscape in tax dispute resolution in India.
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