ITA 840/DEL/2019 presents a tax dispute between Maneesh Pipes Pvt. Ltd., New Delhi and the Income Tax Officer, Ward 16(2), New Delhi for the assessment year 2013-14. This case was resolved via the Vivad Se Vishwas Scheme, which is aimed at reducing litigation in direct tax disputes.
The appellant, Maneesh Pipes Pvt. Ltd., faced assessments that led to disputes over tax payments for the fiscal year 2013-14. Upon disagreeing with the assessments by the tax authorities, the matter was escalated to the Income Tax Appellate Tribunal, Delhi. The case was heard through video conferencing, reflecting the procedural adjustments due to the COVID-19 pandemic.
The appellant opted to resolve the dispute through the Vivad Se Vishwas Scheme, a governmental initiative designed to mitigate lengthy legal disputes over tax matters. This decision was officially made after submitting the necessary documentation to confirm their participation in the scheme, thus leading to a request to withdraw the appeal.
The Tribunal accepted the withdrawal request, leading to a dismissal of the appeal. This outcome not only resolved the immediate tax dispute for Maneesh Pipes Pvt. Ltd. but also set a precedent for how similar disputes could be settled efficiently without prolonged litigation.
The case of ITA 840/DEL/2019 serves as a significant example of how tax disputes can be amicably resolved through government schemes aimed at reducing litigation. This instance demonstrates the effective use of such schemes, promoting a quicker resolution and lessening the burden on the judicial system.
Tax Dispute Settlement in ITA 840/DEL/2019: Maneesh Pipes Pvt. Ltd. vs ITO, New Delhi
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