ITA No. 738/DEL/2020 is a significant case where Peu Dey, a resident of New Delhi, opted to settle his tax disputes for the assessment year 2014-15 under the government’s Vivad Se Vishwas Scheme. This case was heard through video conferencing by the Income Tax Appellate Tribunal, Delhi Bench ‘E’.
Peu Dey filed an appeal against the order of the CIT(A)-21 dated November 18, 2019. The appeal was directed towards discrepancies and disputes in the tax assessment for the year 2014-15.
The proceedings took place via video conferencing, reflecting modern adaptations in the judicial process due to external factors like the pandemic. During the hearing, no representative appeared on behalf of Peu Dey, but a formal request for withdrawal of the appeal was submitted based on his decision to settle under the Vivad Se Vishwas Scheme.
The tribunal, noting the absence of any objection from the Department’s representative and the submission of Form No. 3 by the assessee, allowed the withdrawal of the appeal. This decision facilitated the settlement of the tax dispute outside the conventional litigation process, underscoring the scheme’s aim to reduce litigation in tax matters.
The resolution of the dispute through the Vivad Se Vishwas Scheme illustrates the effectiveness of this resolution framework in addressing and settling prolonged tax disputes. It provides a mechanism for taxpayers to resolve their disputes while potentially waiving penalties and interest, which can be financially advantageous.
The case of Peu Dey in ITA 738/DEL/2020 demonstrates the practical application and benefits of the Vivad Se Vishwas Scheme, offering insights into its role in simplifying the tax dispute resolution process and reducing the burden on judicial systems.
Peu Dey’s Settlement Under Vivad Se Vishwas Scheme in ITA 738/DEL/2020
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