The case of ITA No. 791/DEL/2019 involves Madhu Jain of Delhi and the Income Tax Officer of Ward 55(5), New Delhi, pertaining to the assessment year 2014-15.
Madhu Jain appealed against the order of CIT(A)-37, New Delhi, which was subsequently resolved through the Vivad Se Vishwas Scheme, indicating a shift towards resolving tax disputes through alternative dispute resolution mechanisms.
The appeal was scheduled for a virtual hearing on April 15, 2021, before the Hon’ble Vice President G.S. Pannu and Judicial Member Kul Bharat. However, the appellant opted for withdrawal of the appeal, expressing intent to settle the dispute under the Vivad Se Vishwas Act, 2020.
The withdrawal under the Vivad Se Vishwas scheme showcases the effectiveness of the scheme in resolving disputes without prolonged litigation. This sets a precedent for taxpayers considering similar settlements.
The case was officially withdrawn on April 15, 2021, marking a successful resolution through a government-facilitated tax dispute resolution scheme, which aims at reducing litigation in tax-related disputes.
Settlement of ITA 791/DEL/2019 Under Vivad Se Vishwas: Madhu Jain vs. ITO Ward-55(5)
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