This case involves Ethan Estates Developers Private Limited based in New Delhi, appealing against the order of the CIT(A)-3, dated January 23, 2019, for the assessment year 2016-17. Filed on February 19, 2020, the case was concluded on April 6, 2021, via video conferencing, marking a significant resolution under the Vivad Se Vishwas Scheme, 2020.
Appellant: Ethan Estates Developers Pvt. Ltd.
Respondent: ACIT, Circle-8(2), New Delhi
Despite the scheduling of a virtual hearing, no representative for the appellant appeared. Instead, a letter dated April 3, 2021, submitted electronically, expressed the appellant’s decision to withdraw the appeal in favor of settling the dispute under the Vivad Se Vishwas Scheme. This resolution scheme, introduced by the government, aims to mitigate long-standing tax disputes by providing a straightforward framework for taxpayers to settle tax arrears.
This section would detail the framework and objectives of the Vivad Se Vishwas Scheme, its impact on reducing litigation in the tax system, and how it offers a win-win situation for both the government and taxpayers. It will explore how the scheme was particularly relevant and beneficial for Ethan Estates in resolving their specific tax issues.
The withdrawal of the case under the Vivad Se Vishwas Scheme illustrates a strategic decision by Ethan Estates to avoid a protracted legal battle. It also reflects on the effectiveness of alternative dispute resolution mechanisms in the tax arena. The case serves as a precedent and a point of reference for other entities considering similar avenues for resolving their tax disputes.
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