Tax Dispute Resolution for Iqbal Impex Pvt Ltd under Vivad Se Vishwas for AY 2014-15

Introduction

This document provides a detailed analysis of the resolution process of a tax dispute involving Iqbal Impex Pvt Ltd for the assessment year 2014-15. The appeal, initially filed against the order of the learned CIT(A)-22, New Delhi, was later withdrawn by the appellant as part of the settlement under the Vivad Se Vishwas Scheme, 2020.

Details of the Appeal

The appeal, documented under ITA No. 6769/DEL/2019, addressed disputes for the assessment years 2013-14 and 2014-15. Proceedings were held via video conferencing before Shri G.S. Pannu, Vice President, and Ms. Madhumita Roy, Judicial Member of the Income Tax Appellate Tribunal in Delhi.

Settlement and Withdrawal

On November 18, 2020, Iqbal Impex Pvt Ltd opted to settle the ongoing tax disputes under the Direct Tax Vivad Se Vishwas Act, 2020. A formal request for withdrawal of the appeals was submitted, and certificates under Section 5(1) of the Act were filed to confirm the settlement.

Outcome

The tribunal accepted the withdrawal request, and the appeals were dismissed as withdrawn on November 26, 2020. This resolution marks a significant step towards reducing litigation and promoting a cooperative approach to resolving tax disputes.

Tax Dispute Resolution for Iqbal Impex Pvt Ltd under Vivad Se Vishwas for AY 2014-15