This analysis covers the appeal by Pernia Qureshi Consultancy Pvt. Ltd. against the order of CIT(A)-27, New Delhi for the assessment year 2013-14, which concluded with the withdrawal of the appeal under the Vivad Se Vishwas scheme.
Appellant: Pernia Qureshi Consultancy Pvt. Ltd., New Delhi.
Respondent: DCIT, Central Circle-07, New Delhi.
The company opted to settle the dispute through the Direct Tax Vivad Se Vishwas Act, 2020, to resolve the tax arrears for the assessment year in question. This decision was supported by a formal certificate under Section 5(1) of the Act, submitted shortly before the scheduled virtual hearing.
The Tribunal, led by Vice President Shri G.S. Pannu and Judicial Member Shri Kul Bharat, accepted the withdrawal request. The Senior DR representing the tax department had no objections to this course of action.
This case highlights the effectiveness of the Vivad Se Vishwas scheme in resolving disputes and reducing litigation, aligning with governmental efforts to streamline tax dispute resolutions.
The dismissal of the appeal as withdrawn not only resolves the immediate fiscal dispute but also promotes the broader objective of reducing pending cases and fostering compliance through mutual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 model for other taxpayers considering similar resolutions.
Case Analysis: ITA 991/DEL/2020 – Settlement through Vivad Se Vishwas
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