This document provides a detailed overview of the case involving Bal Krishan Sharma (HUF) versus ACIT, Circle-35(1), New Delhi for the assessment year 2010-11, which concluded under the Vivad Se Vishwas Scheme, 2020.
The case was initially lodged against the order of the CIT(A)-12, New Delhi, dated 26.02.2019, challenging the previous assessments for the year 2010-11.
On March 30, 2021, during a virtual hearing, it was noted that the appellant did not appear. However, a letter dated March 1, 2021, indicated the appellant’s intention to withdraw from the appeal, opting instead for resolution through the Vivad Se Vishwas Scheme. A certificate confirming this decision under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020 was submitted, which led to the withdrawal of the appeal.
The resolution of this case through the Vivad Se Vishwas Scheme underscores the utility of this scheme in reducing litigation and providing taxpayers with a clear path to resolve disputes. The case serves as a vital reference for understanding the procedural aspects and benefits of opting for such alternative dispute resolutions in tax related matters.
Resolution of ITA No. 4704/DEL/2019 Under Vivad Se Vishwas Scheme: Bal Krishan Sharma (HUF) vs. ACIT
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