This case summary provides a comprehensive overview of the appeal ITA 4720/DEL/2019 filed by Portronics Digital Pvt. Ltd. against the ACIT Circle-20(1), New Delhi for the assessment year 2015-16. The appeal was filed on 24th May 2019 and concluded with a final tribunal order on 22nd January 2021.
Portronics Digital Pvt. Ltd., the appellant, is a prominent player in the digital accessories market. The respondent, ACIT Circle-20(1), New Delhi, was represented by Shri M. Baranwal, Sr. DR. The appellant’s case pertains to the assessment year 2015-16 and was initially directed against the order of the learned CIT(A), New Delhi dated 18th March 2019.
The appeal was filed by Portronics Digital Pvt. Ltd. challenging the order of the learned CIT(A) dated 18th March 2019. The primary reason for filing the appeal was to contest the assessment and seek relief or modification of the CIT(A)’s order. However, the appellant later opted to settle the tax dispute under the Vivad Se Vishwas Scheme, 2020.
The case was scheduled for hearing on 22nd January 2021. During the hearing, the appellant, vide its letter dated 18th January 2021, requested for the withdrawal of the appeal. The reason provided was that the appellant had opted to settle the tax arrears for the assessment year under consideration under the Vivad Se Vishwas Scheme, 2020. A certificate to this effect under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020 was also filed.
The tribunal, comprising Shri G.S. Pannu, Vice President, and Shri Sudhanshu Srivastava, Judicial Member, accepted the request for withdrawal of the appeal. As there were no objections from the learned Senior DR, the appeal was dismissed as withdrawn. The final order was announced on the conclusion of the virtual hearing on 22nd January 2021.
The appeal ITA 4720/DEL/2019 filed by Portronics Digital Pvt. Ltd. was successfully withdrawn as the dispute was settled under the Vivad Se Vishwas Scheme, 2020. This case highlights the effectiveness of the Vivad Se Vishwas Scheme in resolving tax disputes and its impact on the appeal process.
By Order, Assistant Registrar
Portronics Digital Pvt. Ltd. vs. ACIT Circle-20(1) – Appeal Withdrawal under Vivad Se Vishwas Scheme
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