Date of Hearing: 06.11.2020
Date of Pronouncement: 06.11.2020
PER G.S. PANNU, VICE PRESIDENT
This appeal by the assessee, Hill & Associated (India) Pvt. Ltd., is directed against the order of learned CIT(A)-2, Gurgaon dated 20.02.2019 and pertains to the assessment year 2014-15.
The counsel for the assessee, in a communication dated 28th October, 2020, requested the withdrawal of the appeal filed. The reason cited was the company’s decision to settle the tax arrears under the Vivad Se Vishwas Scheme, 2020, which aims to mitigate litigation in direct tax matters by allowing settlement of unresolved disputes. A certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020 was also filed to support this claim.
The learned Senior DR raised no objection to this request. Consequently, the tribunal accepted the withdrawal of the appeal, bringing the dispute to a close on a note of mutual consent between the assessee and the revenue authorities.
The decision to opt for the Vivad Se Vishwas Scheme highlights the company’s strategic approach to resolving disputes efficiently and effectively, avoiding prolonged litigation, and reducing the burden on the judicial system. This case sets a precedent for similar cases where entities face extensive legal battles over tax issues, suggesting a potential avenue for resolution through government schemes designed to foster compliance and simplify the tax dispute resolution process.
Order pronounced in the virtual hearing in the presence of both parties on November 6, 2020.
Sudhanshu Srivastava, Judicial Member
G.S. Pannu, Vice President
Settlement via Vivad Se Vishwas: Hill & Associated (India) Pvt. Ltd., 2014-15
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