Case Number: ITA 5180/DEL/2019
Appellant: Sri Dwarika Dheesh Steels Pvt. Ltd., Faridabad
Respondent: ITO, Ward-2(4), Faridabad
Assessment Year: 2012-13
Order Type: Final Tribunal Order
Date of Order: March 25, 2021
Case Filed on: June 6, 2019
Pronounced on: March 25, 2021
The appeal by Sri Dwarika Dheesh Steels Pvt. Ltd. was initially filed against the order of the CIT(A)-Faridabad dated March 31, 2019, for the assessment year 2012-13. The series of appeals also included subsequent assessment years up to 2015-16.
The appellant opted to settle the dispute under the Direct Tax Vivad Se Vishwas Act, 2020. A formal withdrawal request was submitted, and a certificate under Section 5(1) of the act was provided, indicating the acceptance of the settlement terms by the tax authorities.
The Income Tax Appellate Tribunal accepted the withdrawal request, leading to the dismissal of the appeals as withdrawn. This decision underscores the utility of the Vivad Se Vishwas scheme as a mechanism for resolving tax disputes and reducing litigation.
This case highlights the procedural aspects and potential benefits of utilizing the Vivad Se Vishwas scheme for both taxpayers and the tax administration. It serves as a pertinent example for other entities considering similar avenues for dispute resolution.
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