Case Number ITA 959/DEL/2020 was filed on March 3, 2020, involving appellant Kalpi Metals Pvt. Ltd. against the Income Tax Officer, Ward-14(1), New Delhi, concerning the assessment year 2011-12. The final tribunal order was pronounced on December 29, 2020, by the Income Tax Appellate Tribunal, Delhi Bench ‘C’.
Kalpi Metals Pvt. Ltd., based at WZ-64, Ram Nagar Colony, New Delhi, challenged the decision of the CIT(A)-5, New Delhi, dated November 11, 2019. The case centered on disagreements over tax assessments for the year 2011-12, leading the company to seek resolution through legal appeals.
During the proceedings, which were conducted via video conferencing, no representative for Kalpi Metals appeared. Instead, through a letter, the company expressed its intent to withdraw the appeal and settle the dispute under the Vivad Se Vishwas Scheme, 2020. This decision was aimed at resolving tax arrears amicably outside the conventional litigation process.
The tribunal, acknowledging the absence of objection from the Senior Departmental Representative, granted the request to withdraw the appeal. This action highlights the utility of the Vivad Se Vishwas Scheme as an alternative dispute resolution mechanism, offering taxpayers a streamlined approach to settling tax disputes without extensive litigation.
The case of Kalpi Metals Pvt. Ltd. vs ITO, Ward-14(1), New Delhi exemplifies the strategic use of government schemes like Vivad Se Vishwas to efficiently resolve tax disputes, reflecting a shift towards more collaborative and less adversarial tax dispute resolution methods.
Order pronounced in the open court on the 29th of December, 2020.
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