This article details the resolution process of a tax dispute involving Rishabh Aneja for the assessment year 2015-16, where the dispute was settled under the Vivad Se Vishwas Scheme.
The dispute pertained to tax liabilities for the assessment year 2015-16, which Rishabh Aneja decided to settle through the government’s initiative aimed at reducing litigation in tax matters.
The case was heard by the Income Tax Appellate Tribunal, Delhi Bench ‘F’. During the proceedings, the appellant expressed his intention to settle the dispute under the Vivad Se Vishwas Scheme, leading to a formal withdrawal of the appeal.
On July 19, 2022, the appeal was officially withdrawn by Rishabh Aneja. This decision was facilitated by the submission of a certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020, confirming the participation in the scheme.
The tribunal accepted the withdrawal and dismissed the appeal as withdrawn. This resolution highlights the effectiveness of the Vivad Se Vishwas Scheme in fostering an amicable settlement of tax disputes, thus enhancing the ease of compliance and reducing judicial burdens.
Resolution of Tax Dispute for Rishabh Aneja under Vivad Se Vishwas for AY 2015-16
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