Pearl Infrasolutions’ Settlement through Vivad Se Vishwas for AY 2011-12

Introduction

Pearl Infrasolutions Pvt. Ltd., located in New Delhi, engaged in a legal dispute concerning tax assessments for the assessment year 2011-12, which was addressed through the Income Tax Appellate Tribunal, Delhi Bench ‘A’.

Context of the Dispute

The dispute originated from the order dated 25th June 2019 by the Commissioner of Income Tax (Appeals)-8, New Delhi. The company faced significant tax assessments which they contested, leading to an appeal.

Resolution Through Vivad Se Vishwas

In an effort to resolve ongoing tax disputes, Pearl Infrasolutions opted for the Vivad Se Vishwas Scheme, 2020, a government initiative designed to mitigate litigation in direct taxes. The company formally submitted their declaration and was subsequently issued a certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020, acknowledging their eligibility and acceptance into the scheme.

Withdrawal of the Appeal

On 26th November 2020, during a virtual hearing, Pearl Infrasolutions requested the withdrawal of their appeal in line with their participation in the Vivad Se Vishwas Scheme. The tribunal, acknowledging the resolution achieved through the scheme, granted the withdrawal of the appeal. The learned Senior Departmental Representative raised no objections to this resolution.

Pearl Infrasolutions’ Settlement through Vivad Se Vishwas for AY 2011-12