Yamini Kapoor’s Resolution of Disputes under Vivad Se Vishwas Scheme for AY 2017-18 – ITA 6128/DEL/2019

Introduction

The appeal by Yamini Kapoor against the order of the CIT (Appeals)-XXVI, New Delhi for the assessment year 2017-18 was withdrawn under the Direct Tax Vivad Se Vishwas Scheme, showcasing a strategic resolution to tax litigation.

Background

Yamini Kapoor contested the decisions made by the CIT (Appeals)-XXVI, New Delhi for the assessment year 2017-18, which were addressed in the ITAT Delhi Bench ‘H’. The appeal was driven by discrepancies in tax evaluations and assessments which Kapoor sought to rectify through the judicial process.

Vivad Se Vishwas Scheme

In response to the ongoing disputes, Kapoor chose to engage with the Vivad Se Vishwas Scheme, a governmental initiative aimed at reducing litigation in direct taxes. This move underscores the scheme’s intended purpose to offer taxpayers a way to settle disputes outside of prolonged court proceedings.

Settlement and Withdrawal

Upon filing for resolution under the scheme, the revenue department issued Form No. 3 and 4, confirming the final settlement of Kapoor’s tax disputes. This allowed her to formally withdraw the appeals, leading to a swift conclusion of the matters from assessment year 2017-18.

Conclusion

The resolution of Yamini Kapoor’s appeal through the Vivad Se Vishwas Scheme exemplifies the potential and effectiveness of alternative dispute resolution mechanisms in the context of tax disputes. This case serves as a precedent for other taxpayers and emphasizes the practical benefits of such governmental schemes in resolving disputes efficiently.

Yamini Kapoor’s Resolution of Disputes under Vivad Se Vishwas Scheme for AY 2017-18 – ITA 6128/DEL/2019