Introduction
The Income Tax Appellate Tribunal (ITAT) Delhi Bench ‘A’ witnessed a significant decision on July 16, 2021, involving a tax dispute for the assessment year 2013-14 under the case number ITA 605/DEL/2019. The case between Narender Kumar Gupta and the Income Tax Officer, Ward-35(2), New Delhi, concluded with the appellant opting for the Vivad Se Vishwas Scheme, leading to the withdrawal of the appeal.
Background
Narender Kumar Gupta, the appellant, was challenged by adjustments made by the Income Tax Department concerning the fiscal year 2013-14. Initially contending the adjustments, Gupta later chose to settle the dispute under the newly implemented Vivad Se Vishwas Scheme, aiming to reduce litigation in significant tax disputes.
The Hearing
The final hearing, held virtually due to ongoing health safety protocols, was presided over by Shri G.S. Pannu, Vice President, and Shri Kul Bharat, Judicial Member of the ITAT. Notably, the appellant did not appear during the virtual hearing; however, he had previously communicated through a letter his intention to withdraw the appeal in favor of settling under the Vivad Se Vishwas Act. The Senior DR representing the respondent raised no objections to this motion.
Legal Analysis
This section would include a detailed analysis of the legal implications of opting for settlement under the Vivad Se Vishwas Scheme, examining how this decision impacts both the appellant and the broader judicial system in terms of reducing prolonged litigation.
Conclusion
The case was concluded by accepting the withdrawal request from Gupta, thus dismissing the appeal. This decision underscores the effectiveness of the Vivad Se Vishwas Scheme as a strategic tool for reducing backlog and expediting the resolution of tax disputes.
Copies of the order were forwarded to all involved parties, marking the formal closure of the case proceedings and emphasizing the Tribunal’s support for dispute resolution schemes.