Case Number: ITA 5463/DEL/2019
Appellant: Samarth Bansal, New Delhi
Respondent: ITO Ward-42(4), New Delhi
Assessment Year: 2015-16
Result: Final Tribunal Order
Case Filed on: 2019-06-20
Date of Order: 2021-03-30
Pronounced on: 2021-03-30
The case between Samarth Bansal and the Income Tax Officer of Ward 42(4), New Delhi concerns the assessment year 2015-16. Initially contested, the appeal was eventually withdrawn by the appellant, leveraging the Vivad Se Vishwas Scheme, which aims to reduce litigation in the domain of tax disputes.
The case was initially filed by Samarth Bansal against the order dated June 7, 2019, by the CIT(A), Moradabad. The dispute was related to tax arrears for the fiscal year 2015-16, which led to the filing of the appeal.
The government introduced the Vivad Se Vishwas Scheme in 2020 as a measure to reduce pending litigation by offering a mechanism to settle tax disputes out of court. Samarth Bansal opted for this scheme, and a certificate of settlement (Form No. 3) was obtained, indicating compliance and settlement of the disputed tax arrears.
Upon filing for withdrawal under the Vivad Se Vishwas Scheme, the Income Tax Appellate Tribunal (ITAT) acknowledged the withdrawal request, and the appeal was officially dismissed as withdrawn. This allowed for a resolution that was mutually agreeable to both the taxpayer and the tax authority.
The case’s dismissal underscores the effectiveness of alternative dispute resolution mechanisms in handling tax disputes, promoting a quicker and less adversarial resolution process. The tribunal’s acceptance of the withdrawal highlights the shifting focus towards reducing judicial backlog and fostering compliance.
Order pronounced in the open court on 30th March, 2021.
Signatories:
Kul Bharat, Judicial Member
G.S. Pannu, Vice President
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