The case involves Coslight India Telecom Pvt. Ltd. against the order of CIT(A)-2, New Delhi for the assessment year 2015-16, culminating in a withdrawal under the Vivad Se Vishwas scheme.
Appellant: Coslight India Telecom Pvt. Ltd., New Delhi.
Respondent: ITO, Ward-6(3), New Delhi.
The appellant expressed a desire to withdraw the appeal, leveraging the Direct Tax Vivad Se Vishwas Act, 2020, to resolve the dispute. This request was made through a formal letter by the appellant’s representative and was unopposed by the Senior DR during the virtual hearing.
The Tribunal, led by Vice President Shri G.S. Pannu and Judicial Member Shri Sudhanshu Srivastava, accepted the withdrawal request. The decision was made in the interest of facilitating a quicker resolution under the scheme, supported by both parties’ agreement to the withdrawal.
This case highlights the utility and success of the Vivad Se Vishwas scheme in resolving tax disputes effectively. It underscores the scheme’s intended purpose to reduce litigation and provide a straightforward path to dispute resolution.
The dismissal of the appeal as withdrawn not only resolves the immediate fiscal dispute but also promotes the broader objective of reducing pending cases and fostering compliance through mutual consent. This example serves as a beacon for other taxpayers considering similar resolutions.
Case Analysis: ITA 985/DEL/2020 – Withdrawal under Vivad Se Vishwas
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