Case Summary of MTS Automotive Products Pvt Ltd vs. ITO Ward-17(2), New Delhi, ITA No. 6145/DEL/2019

Introduction

This document provides a comprehensive analysis of the Income Tax Appellate Tribunal’s decision in the case of MTS Automotive Products Pvt Ltd versus Income Tax Officer, Ward-17(2), New Delhi, regarding the appeal ITA No. 6145/DEL/2019 for the assessment year 2014-15.

Background of the Case

MTS Automotive Products Pvt Ltd filed an appeal against the decision of CIT(A)-6, New Delhi dated June 4, 2019. This case pertains to various tax disputes for the assessment year 2014-15.

Proceedings Overview

The hearing for this case was scheduled on September 29, 2021. However, no one appeared on behalf of the assessee. Instead, a letter indicating the intention to withdraw the appeal under the Vivad Se Vishwas Scheme was presented, which includes a scheme certificate under Section 5(1) of the Direct Tax Vivad Se Vishwas Act, 2020.

Decision of the Tribunal

The Tribunal, after considering the submission and lack of objection from the Senior Departmental Representative, accepted the withdrawal of the appeal. The panel consisting of Shri R.K. Panda, Accountant Member, and Ms. Suchitra Kamble, Judicial Member, decided to dismiss the appeal as withdrawn.

Conclusion

The decision to accept the withdrawal highlights the Tribunal’s support for resolutions through government schemes like Vivad Se Vishwas, aimed at reducing litigation. This case also underscores the procedural aspects of how tax disputes can be streamlined through alternative dispute resolution mechanisms.

Case Summary of MTS Automotive Products Pvt Ltd vs. ITO Ward-17(2), New Delhi, ITA No. 6145/DEL/2019