This article provides a comprehensive analysis of the tax dispute resolution in ITA 875/DEL/2019, where Anirudh Khaitan opted for the Vivad Se Vishwas scheme to settle disputes for the assessment year 2015-16. The case proceedings and conclusion highlight significant aspects of the dispute resolution mechanisms in India.
Anirudh Khaitan, a resident of New Delhi, appealed against the order of the CIT(A) dated January 10, 2019, concerning the assessment year 2015-16. The appeal was directed towards the Income Tax Appellate Tribunal (ITAT) in Delhi, showcasing the complexities of tax assessments and the routes available for taxpayers seeking redress.
The case was heard by Shri R.K. Panda, Accountant Member, and Shri K.N. Chary, Judicial Member, through a virtual conference due to the ongoing pandemic. Notably, Anirudh Khaitan, though initially contesting the CIT(A)’s decision, opted to withdraw his appeal and settle the tax arrears under the Vivad Se Vishwas Scheme, which was introduced by the government to reduce litigation in direct tax matters.
The Vivad Se Vishwas Scheme, aimed at providing a pathway to reduce pending litigation and offer peace to taxpayers, played a crucial role in this case. Khaitan submitted a certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020, indicating his intention to settle the dispute, which was accepted by the tribunal after the Senior DR expressed no objections.
The ITAT dismissed the appeal, allowing the case to conclude with the withdrawal of the dispute under the scheme. This decision was announced after the virtual hearing on February 19, 2021. The case underlines the effectiveness of alternative dispute resolution mechanisms in the Indian tax system and provides a precedent for similar future disputes.
The resolution of ITA 875/DEL/2019 illustrates the potential of government schemes like Vivad Se Vishwas to effectively reduce judicial burden and provide taxpayers a way to amicably settle disputes. It marks a significant step towards reducing litigation and streamlining the process of tax dispute resolution in India.
Resolution of Tax Dispute under Vivad Se Vishwas in ITA 875/DEL/2019
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