This document provides a detailed analysis of the Income Tax Appellate Tribunal (ITAT) proceedings for Mukesh Kumar Sharma for the assessment year 2014-15. The appeal, case number ITA 1058/DEL/2019, was set against the order dated November 27, 2018, issued by the Commissioner of Income-tax (Appeals)-20, New Delhi.
Mukesh Kumar Sharma, residing at 77A, Bhawani Kunj, Vasant Kunj, New Delhi, challenged the tax assessment for the year 2014-15, which was adjudicated by the ACIT Circle-62(1), New Delhi. The case draws attention due to its conclusion under the Direct Tax Vivad Se Vishwas Act, 2020, aimed at reducing litigation and facilitating the settlement of pending disputes regarding direct taxes in India.
The hearing, conducted via video conferencing on June 29, 2021, saw no appearance from the appellant’s side. Instead, a request for withdrawal of the appeal was submitted by the appellant’s counsel through an email dated June 14, 2021. The communication stated that the appellant had opted to settle the dispute under the Vivad Se Vishwas Scheme, 2020, submitting a certificate under Section 5(1) of the said Act as proof of the settlement.
The bench, comprising Hon’ble Vice President G.S. Pannu and Judicial Member Ms. Madhumita Roy, accepted the withdrawal of the appeal. The decision to dismiss the appeal as withdrawn underscores the effectiveness of the Vivad Se Vishwas Scheme as a tool for reducing litigation and providing taxpayers a straightforward route to resolve disputes.
The case of Mukesh Kumar Sharma is indicative of a broader trend where taxpayers seek to avail themselves of government schemes to settle longstanding disputes. The resolution of this case sheds light on the procedural aspects and judicial discretion exercised under the Vivad Se Vishwas Scheme. It highlights the judiciary’s role in facilitating such settlements and the implications for the appellant in terms of legal relief and financial liability.
The dismissal of Mukesh Kumar Sharma’s appeal marks a significant conclusion to a tax dispute from the assessment year 2014-15. This case serves as a critical reference point for understanding the practical application of the Vivad Se Vishwas Scheme and its impact on the landscape of tax litigation in India.
Analysis of Mukesh Kumar Sharma’s ITA for AY 2014-15: A Case Study
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