The case involves Vijay Gupta who contested multiple assessment orders from the years 2012-13 to 2015-16 by the ACIT Central Circle-17, New Delhi. These appeals were related to disputes over tax assessments for four consecutive years.
The appellant contested orders issued by the CIT(A)-27, New Delhi, which were unfavorable to him. During the proceedings, it was decided to settle the disputes under the Direct Taxes Vivaad se Vishwas Act, 2020. The settlements included specific amounts for each assessment year, which the appellant agreed to pay as full and final settlement of the disputes.
At the tribunal hearing, the appellant presented Form No. 3, issued by the Principal CIT (Central), Delhi-2, confirming the settlement amounts. Both the appellant and the tax authorities agreed to treat the appeals as withdrawn post settlement, leading to a dismissal of the cases.
This case exemplifies the use of alternative dispute resolution mechanisms in tax disputes, specifically highlighting the application of the Vivaad se Vishwas Act, 2020. The swift resolution not only provided clarity to the taxpayer but also relieved the judiciary of prolonged litigation. The tribunal’s acknowledgment of the settlements underlines the effectiveness of such measures in resolving tax disputes.
Tribunal Decision: Vijay Gupta vs ACIT Central Circle-17, New Delhi, ITA No. 753 to 756/DEL/2020
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