This article discusses the tax dispute involving Vibhor Jindal and the Income Tax Officer of Ward 18(3) for the assessment year 2014-15. The case, under ITA No. 1178/DEL/2019, reached the Income Tax Appellate Tribunal, Delhi Bench, presided by Shri R.K. Panda, Accountant Member.
The dispute stemmed from the assessments made by the tax authorities, which were contested by Vibhor Jindal. Initially heard by the CIT(A)-12 and CIT(A)-37, the appeals were escalated to the tribunal.
During the virtual hearing proceedings, no representative appeared on behalf of Vibhor Jindal. Instead, a letter indicating the appellant’s intention to withdraw from the appeals was submitted. This withdrawal was motivated by Jindal’s decision to settle under the Vivad Se Vishwas Scheme, introduced by the Government to reduce litigation in direct taxes.
The tribunal, accepting the withdrawal request, dismissed the appeals. This decision highlights the procedural aspects of tax litigation and the impact of settlement schemes like Vivad Se Vishwas on reducing pending cases.
The resolution of this case under the Vivad Se Vishwas Scheme marks a significant step towards reducing judicial backlog and encouraging settlements in longstanding tax disputes. It underscores the shift towards a more non-confrontational tax dispute resolution mechanism in India.
Tax Dispute Resolution for Vibhor Jindal vs. ITO Ward 18(3), ITA No. 1178/DEL/2019
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