Puneet Goyal’s Appeal Withdrawal Under Vivad Se Vishwas Scheme for Assessment Year 2015-16

Puneet Goyal’s Appeal Withdrawal Under Vivad Se Vishwas Scheme for Assessment Year 2015-16

Case Overview

Case Number: ITA 5745/DEL/2019

Appellant: Puneet Goyal, Delhi

Respondent: ITO Ward 42(5), New Delhi

Assessment Year: 2015-16

Case Filed On: 2019-07-01

Order Type: Final Tribunal Order

Date of Order: 2021-01-12

Pronounced On: 2021-01-12

Introduction

This case involves an appeal filed by Puneet Goyal against the Income Tax Officer (ITO) Ward 42(5), New Delhi, for the assessment year 2015-16. The appeal was filed on July 1, 2019, and the order was pronounced on January 12, 2021. The case centers on the withdrawal of the appeal by the appellant under the Vivad Se Vishwas Scheme, 2020.

Background

The appellant, Puneet Goyal, filed an appeal against the order of the learned Commissioner of Income-Tax (Appeals)-14, New Delhi, dated May 6, 2019. The appeal was related to certain tax arrears for the assessment year 2015-16. However, before the hearing, the appellant decided to withdraw the appeal.

Details of the Appeal

The main reason for the withdrawal of the appeal was the appellant’s decision to settle the dispute under the Vivad Se Vishwas Scheme, 2020. This scheme was introduced by the Government of India to resolve pending tax disputes by allowing taxpayers to settle their tax arrears by paying a specified amount.

Arguments Presented

Appellant’s Request

The learned counsel for the appellant, via email dated January 8, 2021, requested the withdrawal of the appeal. The appellant stated that he had opted to settle the tax arrears under the Vivad Se Vishwas Scheme, 2020, and provided a certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020, as proof.

Respondent’s Position

The Senior Departmental Representative (DR), Shri Prakash Dubey, had no objection to the appellant’s request for withdrawal of the appeal.

Tribunal’s Findings

The Income Tax Appellate Tribunal (ITAT) Delhi Bench reviewed the request for withdrawal. The tribunal considered the submissions and the certificate provided by the appellant under the Vivad Se Vishwas Scheme.

Key Points from the Order

The tribunal’s order included the following key points:

• The tribunal accepted the appellant’s request for withdrawal of the appeal.
• The appeal was dismissed as withdrawn based on the appellant’s decision to settle the dispute under the Vivad Se Vishwas Scheme, 2020.
• The decision was announced on the conclusion of the virtual hearing held on January 12, 2021.

Conclusion and Final Judgment

After thorough consideration, the tribunal ruled in favor of the appellant’s request to withdraw the appeal. The appeal filed by Puneet Goyal was dismissed as withdrawn, following the provisions of the Vivad Se Vishwas Scheme, 2020.

Order Pronouncement

The final order was pronounced in the open court on January 12, 2021, by the bench comprising Shri G.S. Pannu, Vice President, and Shri Sudhanshu Srivastava, Judicial Member.

Order: The appeal of the assessee is dismissed as withdrawn.

Members: [Sudhanshu Srivastava] (Judicial Member) and [G.S. Pannu] (Vice President)

Date of Pronouncement: 12/01/2021

Significance of the Ruling

This ruling is significant as it demonstrates the efficacy of the Vivad Se Vishwas Scheme, 2020, in resolving tax disputes. The scheme allows taxpayers to settle their disputes amicably, reducing litigation and promoting tax compliance. The case highlights the tribunal’s acceptance of the scheme and the ease with which taxpayers can withdraw their appeals to settle their tax arrears.

Puneet Goyal’s Appeal Withdrawal Under Vivad Se Vishwas Scheme for Assessment Year 2015-16