Surendra Kumar Gupta vs. ACIT: Appeal Settled Through Vivad Se Vishwas Scheme for AY 2014-15

Surendra Kumar Gupta vs. ACIT: Appeal Settled Through Vivad Se Vishwas Scheme for AY 2014-15

Case Number: ITA 6299/DEL/2019

Appellant: Surendra Kumar Gupta, New Delhi

Respondent: Assistant Commissioner of Income Tax, Circle Najibabad

Assessment Year: 2014-15

Order Type: Final Tribunal Order

Date of Order: May 20, 2021

Pronounced On: May 20, 2021

Case Filed On: July 26, 2019

Tribunal Bench: Delhi Benches ‘SMC-1’

Judge: Shri R.K. Panda, Accountant Member

Background of the Case

Surendra Kumar Gupta from New Delhi filed an appeal against the Assistant Commissioner of Income Tax, Circle Najibabad, for the assessment year 2014-15. The appeal was based on the order passed by the Commissioner of Income Tax (Appeals)-Moradabad, dated June 10, 2019.

Reason for Filing the Appeal

The appeal was initiated by Surendra Kumar Gupta to challenge adjustments made by the Income Tax Department that impacted his declared tax liabilities for the year 2014-15. The focus was on disputes over the calculation and application of tax laws which Gupta believed were incorrectly applied to his case.

Settlement Process

During the proceedings, Surendra Kumar Gupta opted to settle the dispute under the Vivad Se Vishwas Scheme, 2020. This scheme was introduced by the Government of India to reduce litigation and encourage taxpayers to settle their disputes amicably by paying a determined amount, in return for exemption from further litigation on the matter.

A Form No.3, confirming the settlement of the tax arrears under the scheme, was issued by the Department to Surendra Kumar Gupta.

Outcome of the Appeal

The appeal was subsequently withdrawn by Gupta with the permission of the tribunal after the settlement was finalized under the Vivad Se Vishwas Scheme. The tribunal accepted the withdrawal, and the appeal was dismissed as withdrawn.

Final Order

The final order was pronounced by Shri R.K. Panda in the open court at the time of hearing on May 20, 2021. This order formally concluded the appeal process, with the disputes being amicably resolved under the Vivad Se Vishwas Scheme.

Conclusion

The case of Surendra Kumar Gupta vs. ACIT for the assessment year 2014-15 is a testament to the effectiveness of the Vivad Se Vishwas Scheme in resolving tax disputes without prolonged litigation. By opting for this scheme, Gupta was able to achieve a satisfactory resolution to his tax dispute, which serves as a precedent for other taxpayers considering similar avenues for dispute resolution.

Surendra Kumar Gupta vs. ACIT: Appeal Settled Through Vivad Se Vishwas Scheme for AY 2014-15