Resolution Under Vivad Se Vishwas: Madhu Gupta vs. ACIT Central Circle-19, New Delhi (ITA 6158/DEL/2019)

Introduction

The case ITA No. 6158/DEL/2019 involving Madhu Gupta versus the Assistant Commissioner of Income Tax, Central Circle-19, New Delhi, concluded with a resolution under the Vivad Se Vishwas Scheme, highlighting a streamlined approach to resolving tax disputes.

Case Background

Madhu Gupta faced allegations regarding discrepancies in the tax filings for the assessment year 2017-18, which were initially assessed and contested through the CIT(A)-27, New Delhi. The complexities of the case delve into issues surrounding income declarations and tax obligations.

Proceedings and Settlement

During the proceedings, which occurred through video conferencing, Gupta’s representative advocated for a settlement under the Vivad Se Vishwas Scheme, which was instituted to reduce litigation in direct tax disputes. Formal declarations were made, submitting the required forms to avail of the scheme’s benefits.

Decision and Impact

The Tribunal, recognizing the settlement under the scheme, disposed of the appeal subject to the approval by the Competent Authority. This resolution underscores the efficacy of the Vivad Se Vishwas Scheme as a beneficial option for taxpayers seeking amicable settlements.

Conclusion

The case of Madhu Gupta serves as a pertinent example of the government’s efforts to minimize litigation and promote compliance through innovative legal frameworks. It sets a precedent for similar tax-related disputes, offering insights into the practical application of such governmental schemes.

Resolution Under Vivad Se Vishwas: Madhu Gupta vs. ACIT Central Circle-19, New Delhi (ITA 6158/DEL/2019)