This case involves an appeal by Kiran Wadhwa against the order of CIT(A)-20, New Delhi for the assessment year 2016-17. The appeal addresses discrepancies in tax assessments that Kiran Wadhwa sought to contest.
The case was scheduled for a virtual hearing before Shri G.S. Pannu, Vice President, and Shri Kul Bharat, Judicial Member of the ITAT, Delhi Bench. However, the appellant chose not to pursue the matter further in tribunal.
The appellant, through a written communication, expressed the intention to withdraw the appeal in favor of resolving the dispute under the ‘Vivad Se Vishwas Scheme, 2020’. A formal certificate under Section 5(1) of the Direct Tax Vivad Se Vishwas Act, 2020 was submitted to substantiate this decision.
Given the appellant’s decision to settle under the scheme and the lack of objection from the Senior Departmental Representative, the tribunal accepted the withdrawal request. The appeal was thus dismissed as withdrawn on April 15, 2021.
This case highlights the utility of alternative dispute resolution mechanisms like the Vivad Se Vishwas Scheme, which aims to reduce litigation in direct tax matters and provide a straightforward mechanism for settling pending disputes.
ITA 894/DEL/2020: Kiran Wadhwa vs ACIT – Tax Dispute Resolution under Vivad Se Vishwas Scheme
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