This article explores the legal proceedings of SVP Industries Ltd against the DCIT (TDS), Gautam Budh Nagar, concerning their Form 27EQ/Q2 for the assessment year 2020-21, highlighting the complexities of tax law compliance during the COVID-19 pandemic.
The appeal, numbered ITA 2718/DEL/2022, was one of several filed against the decisions of the National Faceless Appeal Centre (NFAC), New Delhi, initially made on 21.09.2022. SVP Industries contested these rulings based on multiple legal and procedural grounds, primarily focusing on the mismanagement of their tax filings under Form 27EQ/Q2 during the global pandemic.
The appellant argued that the delay in their appeal submissions, largely caused by COVID-19 disruptions, was unjustly not condoned by the CIT (Appeals). Further, they contested that their submissions were not adequately considered, leading to a dismissal that they claim overlooked critical facts and circumstances of their case.
After extensive hearings, the Income Tax Appellate Tribunal (ITAT) in New Delhi, led by members Shri Chandra Mohan Garg and Shri Pradip Kumar Kedia, acknowledged the extraordinary circumstances presented by the pandemic. The Tribunal set aside the initial orders, restoring the appeals to the CIT (Appeals) for a fresh review. This decision emphasized the need for judicial flexibility and understanding in times of crisis.
This case reflects the broader challenges faced by businesses in maintaining compliance with tax obligations during unforeseen global disruptions and highlights the importance of equitable considerations in judicial proceedings.
SVP Industries Ltd’s Legal Battle Over Form 27EQ/Q2 for AY 2020-21
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