The case ITA 211/DEL/2019 concerns Nitin Verma from Ashok Vihar, New Delhi, who sought to contest the orders of the CIT(A) dated June 25, 2018, for the assessment year 2015-16. However, the case concluded with a withdrawal under the Vivad Se Vishwas Scheme, demonstrating an alternative resolution path to lengthy legal disputes.
Nitin Verma filed an appeal against the order of CIT(A), which pertained to discrepancies in the assessment for the financial year 2015-16. The appeal was filed on January 11, 2019, and aimed at challenging the existing tax arrears determinations.
On January 5, 2021, Verma opted to withdraw the appeal in favor of settling the dispute under the Vivad Se Vishwas Scheme, 2020. This move was formalized with the submission of a certificate under Section 5(1) of the Direct Tax Vivad Se Vishwas Act, 2020, indicating both parties’ acceptance of this alternative resolution.
The withdrawal of the appeal underscores the legal and practical impacts of the Vivad Se Vishwas Scheme as a strategic tool for reducing litigation in tax disputes. It also reflects the increasing acceptance of such schemes, which aim to simplify the resolution process and reduce the burden on judicial systems.
This case serves as a precedent for similar tax disputes, potentially encouraging other taxpayers to consider settlement schemes before proceeding to litigation. It highlights the scheme’s role in promoting a more efficient resolution mechanism in the tax domain.
Settlement of ITA 211/DEL/2019 Under Vivad Se Vishwas: Nitin Verma vs ITO Ward-34(4), New Delhi
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