This case involves Saawariya Estates Pvt. Ltd., the appellant, against the Income Tax Officer, Ward 22(1), New Delhi. The dispute for the assessment year 2009-10 was addressed by opting for a resolution under the Vivad Se Vishwas Scheme, 2020.
The appeal, initially directed against the order of the Commissioner of Income Tax(A)-28, New Delhi, was withdrawn by the appellant. Saawariya Estates Pvt. Ltd. chose to settle the dispute through the Vivad Se Vishwas Scheme, which aims to provide a mechanism for resolution of pending tax disputes. The decision to withdraw was facilitated by a certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020, confirming the company’s participation in the scheme.
The withdrawal of the appeal underlines the effectiveness of the Vivad Se Vishwas Scheme as an alternative dispute resolution mechanism. It reflects the shift in the approach of entities dealing with prolonged tax disputes, opting for settlement mechanisms that promise a quicker and more certain resolution. This case serves as an example of how tax disputes can be settled amicably outside the traditional litigative process, potentially reducing the burden on the judiciary and the parties involved.
The resolution of the dispute between Saawariya Estates Pvt. Ltd. and the Income Tax Department showcases the practical application and benefits of the Vivad Se Vishwas Scheme. It highlights the scheme’s role in simplifying tax dispute resolution and encourages its use as a viable option for other similar cases. The dismissal of the appeal as withdrawn marks the end of litigation for the assessee under this specific assessment year, setting a precedent for other taxpayers considering the scheme.
Order pronounced in the open court on this 25th Day of January, 2021.
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