Case Number: ITA 651/DEL/2019
Appellant: Goyal MG Gases Pvt. Ltd., New Delhi
Respondent: DCIT, Central Circle-14, New Delhi
Assessment Year: 2012-13
Result: Withdrawal of Appeal under Vivad Se Vishwas Scheme
Case Filed On: 2019-01-30
Order Type: Final Tribunal Order
Date of Order: 2021-09-29
Pronounced On: 2021-09-29
This case involves Goyal MG Gases Pvt. Ltd., the appellant, who had filed an appeal against the DCIT, Central Circle-14, New Delhi, for the assessment year 2012-13. The appeal was eventually withdrawn by the appellant under the Vivad Se Vishwas Scheme, 2020.
Goyal MG Gases Pvt. Ltd., a company based in New Delhi, had filed an appeal against the assessment order passed by the DCIT, Central Circle-14, New Delhi, for the assessment year 2012-13. The appeal challenged various additions and disallowances made by the Assessing Officer (AO) in the scrutiny assessment.
The appeal was filed before the Income Tax Appellate Tribunal (ITAT), Delhi Bench ‘E’. The appellant had initially contested the order of the CIT(Appeals)-XXVI, New Delhi, dated 24.12.2018, which upheld the additions and disallowances made by the AO. However, during the proceedings, the appellant decided to opt for the Vivad Se Vishwas Scheme, 2020, to settle the dispute.
The Vivad Se Vishwas Scheme, 2020, was introduced by the Government of India to resolve pending tax disputes in a quick and efficient manner. Under this scheme, taxpayers can settle their disputes by paying a specified percentage of the disputed tax amount, thereby avoiding prolonged litigation and reducing the burden on the judiciary.
On 06.09.2021, the appellant’s counsel submitted a letter requesting the withdrawal of the appeal filed before the ITAT. The letter stated that the appellant had opted to settle the dispute relating to the tax arrears for the assessment year under consideration under the Vivad Se Vishwas Scheme, 2020. A certificate to this effect under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020, was also filed.
The case was heard on 29.09.2021 via video conferencing, where the respondent, represented by Senior DR Shri Gaurav Pundir, raised no objection to the withdrawal request. The ITAT, comprising Shri R.K. Panda, Accountant Member, and Ms. Suchitra Kamble, Judicial Member, accepted the appellant’s request for withdrawal of the appeal.
In view of the above, the Tribunal dismissed the appeal as withdrawn, allowing the appellant to settle the tax dispute under the Vivad Se Vishwas Scheme, 2020.
The case of Goyal MG Gases Pvt. Ltd. vs DCIT highlights the effective use of the Vivad Se Vishwas Scheme, 2020, in resolving long-standing tax disputes. By opting for this scheme, the appellant was able to settle the dispute amicably and avoid further litigation. The Tribunal’s order was pronounced in the open court on 29.09.2021, marking the conclusion of the case.
Source: Income Tax Appellate Tribunal, Delhi Bench ‘E’, New Delhi
Disclaimer: This article provides a general overview of the case and is not a substitute for professional legal advice. For detailed information, readers are encouraged to refer to the official case documents and consult with a qualified legal professional.
Goyal MG Gases Pvt. Ltd. vs DCIT: Dispute Settlement under Vivad Se Vishwas for AY 2012-13
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