Case Number: ITA 5202/DEL/2019
Appellant: Bishnu Impex Private Limited, New Delhi
Respondent: ITO Ward-5(3), New Delhi
Assessment Year: 2010-11
Order Type: Final Tribunal Order
Date of Order: December 22, 2020
Case Filed on: June 6, 2019
Pronounced on: December 22, 2020
The case concerns Bishnu Impex Private Limited contesting an order from the CIT(A), New Delhi regarding tax arrears for the fiscal year 2010-11. The appellant decided to settle the dispute under the Direct Tax Vivad Se Vishwas Act, 2020.
The appellant submitted a formal request for withdrawal of the appeal, citing their decision to opt for the Vivad Se Vishwas Scheme as a resolution mechanism. The Tribunal acknowledged this request and accepted the withdrawal after no objections from the Senior DR.
This case illustrates the effectiveness of the Vivad Se Vishwas Scheme in resolving longstanding tax disputes, providing a streamlined and less adversarial means of settling tax arrears. The withdrawal marks a successful closure under this scheme, aiming to reduce litigation in tax matters.
ITA 5202/DEL/2019: Tax Dispute Settlement via Vivad Se Vishwas Scheme
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