ITA No. 3669/DEL/2019 features an appeal by Rishiroop Chemical Co. P.Ltd against an order from CIT(A)-38, New Delhi for the assessment year 2015-16. The case highlights the procedural aspects of resolving tax disputes under the Vivad Se Vishwas Scheme, 2020.
Rishiroop Chemical Co. P.Ltd, a company based in New Delhi, filed an appeal regarding a tax assessment for the year 2015-16. This case discusses the company’s decision to withdraw their appeal and settle the dispute using the newly implemented Vivad Se Vishwas Scheme.
On the scheduled date for the virtual hearing, the appellant did not appear but had previously submitted a letter requesting the withdrawal of the appeal due to their decision to settle under the Vivad Se Vishwas Scheme. A certificate affirming this decision, as required under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020, was also submitted to the tribunal.
The tribunal, after noting the absence of objections from the Senior Departmental Representative, accepted the withdrawal of the appeal. The decision underscores the procedural flexibility and the government’s encouragement for dispute resolution through the Vivad Se Vishwas Scheme.
The case was concluded with the tribunal dismissing the appeal as withdrawn. This outcome reflects the tribunal’s support for dispute resolution mechanisms that expedite tax disputes’ settlement, reducing the burden on both the judiciary and the taxpayers.
Order pronounced in the open court on 25/03/2021.
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