Case Number: ITA 604/DEL/2019
Appellant: Ratnashri Buildtech P. Ltd., Gurgaon
Respondent: DCIT, Central Circle-1, Faridabad
Assessment Year: 2009-10
Date of Order: 2021-06-28
Pronounced On: 2021-06-28
Case Filed On: 2019-01-29
Order Type: Final Tribunal Order
The case of Ratnashri Buildtech P. Ltd. vs DCIT, Central Circle-1, Faridabad, ITA No. 604/DEL/2019, pertains to the assessment year 2009-10. The case was filed on 29th January 2019 and involves a dispute over tax arrears. The final order was pronounced on 28th June 2021.
Ratnashri Buildtech P. Ltd., based in Gurgaon, filed its income tax return for the assessment year 2009-10. The return led to scrutiny and reassessment by the Income Tax Department, which resulted in a dispute over the tax arrears. To resolve this dispute, Ratnashri Buildtech P. Ltd. opted for the Vivad Se Vishwas Scheme, 2020, a government initiative aimed at reducing litigation and providing a settlement mechanism for disputed tax arrears.
The dispute arose from the reassessment of the appellant’s income, which led to additional tax demands. The appellant, Ratnashri Buildtech P. Ltd., filed an appeal against the order passed by the Commissioner of Income Tax (Appeals)-III, Gurgaon, dated 30th November 2018. The case was heard by the Income Tax Appellate Tribunal (ITAT), Delhi Bench ‘E’, through video conferencing due to the ongoing pandemic.
The appeal was heard by the ITAT, Delhi Bench ‘E’, comprising Shri Amit Shukla, Judicial Member, and Shri B.R.R. Kumar, Accountant Member. During the hearing, the appellant’s counsel, Shri Kapil Goel, Advocate, submitted a letter dated 23rd June 2021 requesting the withdrawal of the appeal. The letter stated that the appellant had opted to settle the tax arrears under the Vivad Se Vishwas Scheme, 2020.
The tribunal noted the request for withdrawal and acknowledged that the dispute was being resolved under the Vivad Se Vishwas Scheme. Given the circumstances, the tribunal dismissed the appeal as withdrawn.
In conclusion, the ITAT dismissed the appeal filed by Ratnashri Buildtech P. Ltd. as withdrawn, following the appellant’s decision to settle the tax arrears under the Vivad Se Vishwas Scheme, 2020. The tribunal’s order highlights the efficacy of the scheme in reducing tax litigation and providing a resolution mechanism for disputed tax demands.
The decision was pronounced in the open court on 28th June 2021.
Members:
Amit Shukla, Judicial Member
B.R.R. Kumar, Accountant Member
Dated: 28th June 2021
Copy forwarded to:
Assistant Registrar
ITAT, New Delhi
Ratnashri Buildtech P. Ltd. vs DCIT, Central Circle-1, Faridabad – Case Filed Due to Tax Arrears
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