This article discusses the ITAT Delhi’s decision concerning Charu Chains & Jewels Pvt. Ltd for the assessment year 2017-18, focusing on the misapplication of the Vivaad Se Vishwas Scheme in the company’s tax dispute.
Charu Chains & Jewels Pvt. Ltd appealed against the CIT(A)’s decision which wrongly dismissed their appeal as withdrawn under the assumption that the company had availed of the Vivaad Se Vishwas Scheme for the quantum appeal, while it was actually only for the penalty appeal.
The tribunal identified an error in the application of the Vivaad Se Vishwas Scheme and restored the appeal for de novo adjudication on merits. This correction is crucial as it impacts the tax liabilities and rights to contest of the appellant.
The mistake in applying the Vivaad Se Vishwas Scheme illustrates the complexities involved in tax dispute resolutions and emphasizes the importance of accurate record-keeping and verification in legal proceedings.
The decision to restore the appeal not only rectifies an essential error but also reaffirms the procedural rights of the appellant to a fair hearing and due process under the law.
Charu Chains & Jewels Pvt. Ltd vs. ACIT: 2017-18 Appeal Misapplied Vivaad Se Vishwas Scheme
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