This document provides an analysis of the tribunal proceedings and resolution of the tax dispute involving GDF Suez Energy India Pvt. Ltd. (now known as Engie Energy and Services India Pvt. Ltd.) and the Assistant Commissioner of Income Tax (ACIT), Circle-1(1), Gurgaon for the assessment year 2002-03.
The case revolves around a dispute initially adjudicated by the CIT(A)-1, Gurgaon, which resulted in an appeal by the assessee to the Income Tax Appellate Tribunal, Delhi. The primary contention pertained to disagreements over tax calculations for the specified assessment year.
During the tribunal proceedings, which took place via video conferencing due to health and safety protocols, the appellant, represented by Sh. Karan Jain, CA, opted to withdraw the appeal. This decision was influenced by the assessee’s choice to settle the dispute under the government’s Vivad Se Vishwas Scheme, 2020, aimed at reducing litigation in direct tax matters. The scheme provides a framework for the settlement of pending tax disputes in India.
With no objections from the Senior DR, represented by Sh. M. Baranwal, the tribunal accepted the withdrawal of the appeal. The order was thus concluded with the dismissal of the appeal as withdrawn, effectively settling the dispute under the terms of the Vivad Se Vishwas Scheme. The tribunal’s decision was delivered by Shri G.S. Pannu, Vice President, and Shri Kul Bharat, Judicial Member.
Manage the increasing number of hearings effortlessly by leveraging the legal AI revolution We are India's Leading revolutionary AI-powered legal platform where you can get enough insights into top cases and judgements.
Research Platform