The Income Tax Appellate Tribunal’s decision in ITA No. 3747/DEL/2019 marks a significant case where the appellant, Raj Kumar Jain (HUF) from New Delhi, opted to resolve the tax dispute under the government’s Vivad Se Vishwas Scheme, 2020. This case highlights the practical application of this scheme aimed at reducing pending litigation related to tax disputes.
Raj Kumar Jain (HUF) was assessed by the ITO Ward 34(3), New Delhi, for the assessment year 2015-16. The dispute initially escalated to the CIT(Appeals), where a decision was rendered on January 25, 2019. Subsequently, the assessee decided to take the matter to the Income Tax Appellate Tribunal, which was filed on April 29, 2019.
The hearing took place on November 3, 2022, presided over by Judicial Member Shri Challa Nagendra Prasad and Accountant Member Shri Anadee Nath Misshra. During the proceedings, the counsel for the assessee, Sh. Lakshya Raj Singh, submitted a letter dated November 3, 2022, requesting permission to withdraw the appeal. The reason for withdrawal was due to the settlement of the matter under the Vivad Se Vishwas Scheme, with Form No. 3 already submitted by the assessee.
The tribunal accepted the withdrawal of the appeal, officially dismissing it as withdrawn. The order was pronounced in the open court on the same day, providing a swift conclusion to what could have been a protracted legal battle. This decision underscores the effectiveness of the Vivad Se Vishwas Scheme as a viable alternative to conventional litigation, allowing taxpayers a means to resolve disputes amicably and expediently.
The case of ITA 3747/DEL/2019 serves as an exemplar of the positive outcomes possible when parties opt for government-sponsored schemes to settle disputes. It not only alleviates the burden on judicial resources but also provides a faster resolution for the taxpayer, demonstrating the mutual benefits of such initiatives.
ITA 3747/DEL/2019: Settlement of Assessment Year 2015-16 Under Vivad Se Vishwas
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