The case ITA No. 850/DEL/2020 features the appellant, Amit Kumar Gupta & Sons HUF, located in New Delhi, appealing against the order from CIT(A)-14. This case concerns the assessment year 2014-15, filed against the ITO Ward-40(5).
The appeal, represented by Ms. Rashi Singhal, CA, was originally filed challenging the order dated December 5, 2019. However, the case took a significant turn when the appellant decided to withdraw the appeal, opting instead to settle the dispute under the newly implemented Vivad Se Vishwas Scheme, 2020. This scheme was designed to provide a mechanism for the resolution of pending tax disputes in India.
The tribunal, presided over by Shri Kul Bharat, Judicial Member, accepted the withdrawal of the appeal on April 6, 2021. The decision was influenced by the assessee’s choice to settle under the Vivad Se Vishwas Act, evidenced by a certificate filed under Section 5(1) of the Act. Senior DR, Sh. R.K. Gupta, raised no objections to this resolution.
This case highlights the effectiveness of the Vivad Se Vishwas Scheme as a strategic option for assessees to resolve disputes and mitigate lengthy legal proceedings. The analysis elaborates on the legal precedents set by such withdrawals and their implications on the judiciary’s approach to dispute resolution.
Manage the increasing number of hearings effortlessly by leveraging the legal AI revolution We are India's Leading revolutionary AI-powered legal platform where you can get enough insights into top cases and judgements.
Research Platform