In a significant move towards resolving longstanding tax disputes, Genpact Mobility Services India Pvt. Ltd., based in Delhi, opted to settle its disputes under the Vivad Se Vishwas Scheme for the assessment years 2013-14 and 2014-15. This decision marked a pivotal shift in the company’s approach to handling disputes with the Income Tax Department.
The disputes pertained to tax arrears for which Genpact Mobility, through a formal communication via email, expressed its intention to withdraw the appeals it had previously filed. This was confirmed during a virtual hearing on December 22, 2020, by the Income Tax Appellate Tribunal, Delhi Bench ‘F’. The move to settle these disputes was facilitated by the Vivad Se Vishwas Scheme, introduced by the Government to reduce litigation and provide a straightforward mechanism for companies to resolve their tax disputes.
The withdrawal of the appeals by Genpact Mobility highlights a strategic decision to leverage the benefits of the Vivad Se Vishwas Scheme, allowing the company to focus more on its core operations rather than prolonged legal battles. This case serves as a noteworthy example of how businesses can effectively use government schemes to handle complex tax issues and enhance their operational efficiencies.
Genpact Mobility Services India Pvt. Ltd. Settles Tax Dispute for AY 2013-14
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