Case Summary of ITA No. 6729/DEL/2019: Withdrawal of Appeal under Vivad Se Vishwas

Introduction

This case involves appellant Krishan Kumar Gupta, who decided to withdraw his appeal under the Vivad Se Vishwas Scheme for the assessment year 2011-12. The appeal was initially filed against the order of the CIT(A), New Delhi, which was dated June 24, 2019.

Case Details

• Case Number: ITA No. 6729/DEL/2019
• Appellant: Krishan Kumar Gupta
• Respondent: ITO Ward-36(5), New Delhi
• Assessment Year: 2011-12
• Order Type: Final Tribunal Order
• Date of Order: January 8, 2021
• Date of Pronouncement: January 8, 2021

Background

The appellant submitted a letter dated December 29, 2020, expressing his intention to withdraw the appeal. This decision was based on opting into the Vivad Se Vishwas Scheme, 2020, which aims to settle pending disputes related to tax arrears.

Decision

The Income Tax Appellate Tribunal, after reviewing the appellant’s request and considering no objection from the Senior DR, accepted the withdrawal of the appeal. Consequently, the appeal was dismissed as withdrawn. This decision was pronounced during a virtual hearing in the presence of both parties.

Conclusion

The case of ITA No. 6729/DEL/2019 illustrates the application of the Vivad Se Vishwas Scheme, 2020, as a mechanism for resolving disputes and reducing litigation in tax-related matters. The swift resolution confirms the scheme’s effectiveness in encouraging taxpayers to settle their disputes amicably.

Case Summary of ITA No. 6729/DEL/2019: Withdrawal of Appeal under Vivad Se Vishwas