The case between Shankar Batra of Noida and the Assistant Commissioner of Income Tax (ACIT), Circle-55(1), New Delhi pertains to the assessment year 2014-15. This document provides a detailed analysis of the proceedings and resolution of the case.
The appeal was initially filed against the order of CIT(A)-37, New Delhi dated 14.12.2018. The focus was on the assessment for the financial year corresponding to the assessment year 2014-15.
The hearing took place on July 5, 2022, where no representative appeared on behalf of Shankar Batra. However, an application for withdrawal was submitted, citing the choice to settle the dispute under the Vivad Se Vishwas Scheme, 2020.
The application for withdrawal was accepted without objection from the senior departmental representative (Sr. DR). Consequently, the appeal was dismissed as withdrawn, showcasing the effectiveness of the Vivad Se Vishwas Scheme as a mechanism for resolving tax disputes without prolonged litigation.
This case serves as a precedent for similar tax disputes, highlighting the government’s effort to reduce litigation and promote resolutions through designed schemes.
Resolution of ITA 792/DEL/2019: Shankar Batra vs. ACIT under Vivad Se Vishwas Scheme
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