Settlement of Yamini Kapoor’s Tax Disputes Under Vivad Se Vishwas Act – ITA 6127/DEL/2019

Introduction

The case involves Ms. Yamini Kapoor, who appealed against the orders of the CIT (Appeals)-XXVI, New Delhi, concerning the assessment years 2016-17 and 2017-18. The appeals were resolved under the Direct Tax Vivad Se Vishwas Scheme, 2020, leading to a significant development in tax dispute resolutions in India.

Background

Ms. Yamini Kapoor filed two appeals challenging the CIT (Appeals)’ decisions for the assessment years 2016-17 and 2017-18. The disputes revolved around corrections required in her tax filings, which were contested through the appeals process.

Resolution Under Vivad Se Vishwas Scheme

The Vivad Se Vishwas Scheme was introduced by the Indian government in 2020 as a part of its efforts to reduce litigation in direct taxes and generate timely revenue for the government. Under this scheme, Ms. Kapoor opted to settle her disputes, leading to the withdrawal of her appeals. This was facilitated by the issuance of Form No. 3 and 4 by the revenue department, confirming the final settlement of her tax arrears under the scheme.

Impact of the Decision

This case exemplifies the utility of alternative dispute resolution mechanisms in tax disputes, highlighting the government’s push towards reducing litigation and allowing for smoother administration of tax laws. The resolution under the Vivad Se Vishwas Scheme not only provides a quick resolution for the taxpayer but also reduces the burden on the judiciary.

Conclusion

The withdrawal of Yamini Kapoor’s appeals marks a successful application of the Vivad Se Vishwas Scheme, setting a precedent for other taxpayers facing similar disputes. This case serves as a testament to the evolving landscape of tax dispute resolution in India.

Settlement of Yamini Kapoor’s Tax Disputes Under Vivad Se Vishwas Act – ITA 6127/DEL/2019