This appeal was filed by Saphire Landcraft Pvt Ltd (the appellant) against the order dated 23.05.2019 passed by the Commissioner of Income Tax (Appeals), New Delhi, for the assessment year 2014-15. The case was heard by the Income Tax Appellate Tribunal (ITAT), Delhi Bench ‘A’, through video conferencing.
The appellant, Saphire Landcraft Pvt Ltd, filed its return of income for the assessment year 2014-15. The Joint Commissioner of Income Tax (JCIT), Range-77, New Delhi, passed an order against which the appellant filed an appeal before the CIT(A). The CIT(A) upheld the order of the JCIT, prompting the appellant to file a further appeal before the ITAT.
During the course of the virtual hearing on 12.01.2021, no one appeared on behalf of the appellant. The appellant, via a letter dated 05.01.2021 received through email, requested the withdrawal of the appeal. The reason cited for the withdrawal was that the appellant had opted to settle the dispute related to the tax arrears for the assessment year under consideration under the Vivad Se Vishwas Scheme, 2020.
The Senior Departmental Representative (DR), Shri Prakash Dubey, had no objection to the withdrawal request.
Based on the request of the appellant and the lack of objection from the Senior DR, the Tribunal accepted the withdrawal request and dismissed the appeal as withdrawn.
The decision was announced at the conclusion of the virtual hearing on 12th January 2021.
The Tribunal’s decision to accept the withdrawal request highlights the effectiveness of the Vivad Se Vishwas Scheme in resolving tax disputes. This case demonstrates how taxpayers can utilize the scheme to settle their tax arrears and avoid prolonged litigation.
The order was pronounced in open court on 12th January 2021.
Order pronounced in open court on this 12th day of January 2021.
Sd/-
(Sudhanshu Srivastava)
Judicial Member
Sd/-
(G.S. Pannu)
Vice President
Date: 12.01.2021
Copy forwarded to:
Assistant Registrar
ITAT, Delhi
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