This article delves into the Income Tax Appellate Tribunal’s decision regarding the appeal filed by Shivalik House Keeping Services against the Income Tax Officer of Ward-62(3), New Delhi, for the assessment year 2015-16. The focus is on the Tribunal’s dismissal of the appeal following the assessee’s decision to settle under the Direct Tax Vivad se Vishwas Scheme 2020.
Shivalik House Keeping Services, a business based in Delhi, challenged the assessment order by the ITO for the financial year 2015-16. Initially contesting the CIT(A)-38’s decision, the company eventually opted to settle the dispute under the government’s Direct Tax VSVS Act 2020, aiming to reduce litigation in direct tax matters.
The hearing, conducted on September 16, 2022, saw no representation from the appellant but had the Senior Departmental Representative present. The assessee submitted a formal application to withdraw the appeal, citing settlement through the VSVS Act.
The Tribunal, led by Judicial Member Sh. Saktijit Dey and Accountant Member Sh. N.K. Billaiya, accepted the withdrawal request, thereby dismissing the appeal. This resolution underscores the effectiveness of the VSVS Act in providing taxpayers a pathway to resolve disputes without prolonged litigation.
The decision to withdraw the appeal under the VSVS Act illustrates a strategic move by Shivalik House Keeping Services to leverage legislative tools for dispute resolution, reflecting a broader trend towards reducing judicial backlog and promoting fiscal stability.
Shivalik House Keeping Services vs. ITO, Ward-62(3) for AY 2015-16
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