This document provides an analysis of the tax dispute case between Satinder Kumar Jain and the Income Tax Officer, Ward-47(4), New Delhi, for the assessment year 2015-16. The case discusses the settlement process under the Vivad Se Vishwas Scheme, a pivotal tax dispute resolution mechanism introduced by the Indian government.
Satinder Kumar Jain filed an appeal against the decision of the learned CIT(A)-16, New Delhi, which pertained to the assessment year 2015-16. However, before the case could proceed to a detailed hearing, the appellant chose to settle the dispute through the Vivad Se Vishwas Scheme, thereby withdrawing the appeal.
The case was scheduled for a virtual hearing on April 30, 2021, but no representative for the appellant appeared. Instead, a letter was submitted indicating the appellant’s desire to settle the tax arrears through the scheme, which aims to reduce litigation in direct tax matters by allowing tax dispute resolution through concessional payment.
Given the absence of any objection from the Senior Departmental Representative and the submission of the requisite certificate under the Vivad Se Vishwas Act, the tribunal accepted the withdrawal of the appeal. Consequently, the appeal was dismissed, and the case was concluded under the terms of the Vivad Se Vishwas Scheme.
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