Navneet Madan vs ACIT Circle-1, Moradabad – ITA 6350/DEL/2019 – Resolution through Vivad Se Vishwas Scheme

Case Summary: Navneet Madan vs ACIT Circle-1, Moradabad – ITA 6350/DEL/2019

Case Number: ITA 6350/DEL/2019

Appellant: Navneet Madan, Moradabad

Respondent: Assistant Commissioner of Income Tax, Circle-1, Moradabad

Assessment Year: 2015-16

Order Type: Final Tribunal Order

Date of Order: 24th December 2020

Pronounced on: 24th December 2020

Case Filed On: 29th July 2019

Background

The case involves Navneet Madan, a resident of Moradabad, who challenged the order of the Commissioner of Income Tax (Appeals), Moradabad, dated 14th May 2019. The appeal was specifically against the assessments made for the fiscal year 2015-16.

Reason for Filing the Case

The appellant filed the case seeking to contest the assessments made by the income tax authorities, which he believed were incorrect or excessive for the assessment year 2015-16. The main goal was to challenge the computational errors or unjust tax demands perceived by the appellant.

Proceedings and Settlement

During the proceedings, which were held via video conferencing due to the ongoing pandemic, the appellant’s counsel submitted a letter dated 10th December 2020. This letter requested the withdrawal of the appeal, stating that Navneet Madan had chosen to settle the dispute under the Vivad Se Vishwas Scheme, 2020. This scheme is aimed at reducing litigation in direct tax matters by allowing a settlement pathway.

A certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020 was provided as proof of the appellant’s decision to opt for this resolution method.

Decision of the Tribunal

The tribunal, after noting that the Senior Departmental Representative had no objections, accepted the withdrawal of the appeal. Consequently, the appeal was dismissed as withdrawn, and this decision was made public on the 24th December 2020.

Impact of the Decision

This case serves as a precedent for the effective use of the Vivad Se Vishwas Scheme to resolve tax disputes without prolonged litigation. It highlights the potential benefits of the scheme for taxpayers seeking a quicker resolution to disputes and underlines the government’s intent to decrease litigation and facilitate compliance.

The resolution of this case through the Vivad Se Vishwas Scheme underscores its utility in fostering a cooperative environment between taxpayers and tax authorities, ultimately leading to a reduction in pending cases and judicial burden.

Navneet Madan vs ACIT Circle-1, Moradabad – ITA 6350/DEL/2019 – Resolution through Vivad Se Vishwas Scheme