Nirulas Corner House Pvt. Ltd., a renowned entity in New Delhi, resolved its tax disputes for the assessment year 2015-16 through the Direct Taxes Vivad Se Vishwas Act, 2020. This move came as a strategic decision to avoid prolonged litigation by opting into this governmental scheme, leading to the withdrawal of its appeal in ITA No. 66/Del/2019.
The appeal was filed against the order passed by CIT(A)-6, New Delhi dated 01.10.2018. Faced with a complex tax dispute, Nirulas opted to simplify the resolution process through the Vivad Se Vishwas scheme, which was designed to reduce pending litigations and foster a cooperative tax compliance environment.
The case was handled through video conferencing due to the ongoing restrictions, with the final hearing taking place on September 29, 2021. Despite the absence of the appellant’s representatives, the tribunal carefully considered the documentation submitted, including Form No. 3, which confirmed the assessee’s decision to settle under the scheme.
The tribunal, led by Judicial Member Ms. Suchitra Kamble and Accountant Member Shri R.K. Panda, acknowledged the settlement and dismissed the appeal as withdrawn, in line with the terms of the Vivad Se Vishwas Act.
The resolution of the dispute under this act highlights the government’s initiative to alleviate the burden on the judicial system by providing a straightforward mechanism for settling tax disputes. It demonstrates the act’s effectiveness in achieving quick and amicable resolutions, benefiting both the taxpayers and the administration by freeing up resources and reducing the backlog of cases.
The dismissal of ITA 66/Del/2019 exemplifies how tax disputes can be efficiently resolved through government schemes like Vivad Se Vishwas, reflecting a shift towards more practical and less adversarial tax dispute mechanisms. This case serves as a precedent for other taxpayers contemplating the advantages of settling under similar frameworks.
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