This article delves into the tax dispute involving Sanjay Kumar Gupta for the assessment year 2014-15, which was resolved through the Vivad Se Vishwas Scheme.
Sanjay Kumar Gupta, the appellant, contested the order by CIT(A)-20, New Delhi dated 18.03.2019 concerning the assessment year 2014-15. The appeal centered on disputed tax demands that Gupta sought to challenge.
The proceedings before the Income Tax Appellate Tribunal, Delhi Bench, revealed Gupta’s initiative to settle the dispute under the Vivad Se Vishwas Scheme, 2020. By submitting Form No. 5, Gupta effectively communicated the settlement of demands to the tribunal, leading to the dismissal of the appeal as withdrawn.
The tribunal, led by Sh. N.K. Billaiya and Sh. Yogesh Kumar US, acknowledged the settlement under VSVS. The decision to dismiss the appeal as withdrawn was pronounced openly in court, emphasizing the efficacy and intended purpose of the VSVS in reducing litigation and providing taxpayers with a mechanism to resolve disputes amicably.
The case of Sanjay Kumar Gupta serves as an illustrative example of the practical application of the Vivad Se Vishwas Scheme. It underscores the scheme’s role in facilitating dispute resolution and offers a precedent for similar cases, reflecting the government’s broader aim to streamline tax litigation.
Resolution of Tax Dispute Under VSVS for Sanjay Kumar Gupta, AY 2014-15
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