Date of Hearing: 27.05.2022
Date of Order: 27.05.2022
PER ASTHA CHANDRA, JUDICIAL MEMBER
This appeal by Simar Infrastructures Ltd., directed against the order of the learned CIT (Appeals) dated 10.05.2019 for the assessment year 2012-13, brings forth issues from the fiscal year in question.
No representation was made on behalf of the assessee at the hearing. However, prior to the hearing, the company had submitted an application dated 02.05.2022, expressing its intention to withdraw the appeal. The reason for this withdrawal is the company’s decision to opt for the Vivad Se Vishwas Scheme, 2020, aimed at settling tax disputes. Accompanying this application was Form 5, issued by the Department, confirming the full and final settlement of tax arrears.
In view of these developments, the appeal was dismissed with the provision that it could be restored should the settlement under the scheme not be finalized as planned. The Revenue raised no objections to this conditional dismissal.
The decision to settle under the Vivad Se Vishwas Scheme underscores the practical approach taken by Simar Infrastructures Ltd. to resolve outstanding tax disputes efficiently. This resolution not only clarifies the fiscal obligations of the company but also demonstrates the effectiveness of governmental schemes designed to reduce litigation in tax-related disputes.
Order pronounced in open court on the 27th day of May, 2022, marking the conclusion of this tax dispute.
Shamim Yahya, Accountant Member
Astha Chandra, Judicial Member
Resolution under Vivad Se Vishwas: Simar Infrastructures Ltd, 2012-13
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