This case, involving Biotronik Medical Devices India Pvt. Ltd. against the Assistant Commissioner of Income Tax, Circle-5(1), New Delhi, revolves around the assessment year 2012-13. The case was registered under ITA No. 1085/DEL/2019 and the final tribunal order was delivered on January 8, 2021, through video conferencing.
The appeal challenged the order of the CIT(A)-13, New Delhi dated December 14, 2018. The core issue concerned discrepancies in tax assessments that Biotronik contested. However, before the hearing could proceed further, Biotronik opted to withdraw the appeal, having decided to resolve the dispute through the Vivad Se Vishwas Scheme. This scheme aims to provide a mechanism for resolving disputes amicably by allowing the taxpayer to settle tax arrears with concessional terms.
On January 8, 2021, the tribunal, under the presiding members Shri G.S. Pannu and Shri Sudhanshu Srivastava, accepted the withdrawal request from Biotronik. The case was dismissed as withdrawn, illustrating the efficacy of the Vivad Se Vishwas Scheme in facilitating expedient resolutions in complex tax disputes.
The resolution of ITA No. 1085/DEL/2019 under the Vivad Se Vishwas Scheme exemplifies the practical application of this legislative initiative to reduce litigation in the domain of tax law. It highlights the benefits of such schemes in offering a streamlined and less adversarial path to tax dispute resolution.
Resolution of ITA No. 1085/DEL/2019 Under Vivad Se Vishwas Scheme
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