This case study examines ITA No. 293/DEL/2019, where Anand Prakash Gupta settled tax disputes under the Vivad Se Vishwas Scheme for the assessment year 2011-12.
The appellant, Anand Prakash Gupta, faced litigation concerning tax assessments for 2011-12. After prolonged proceedings, the decision to settle under the Vivad Se Vishwas Scheme was made, highlighting a significant shift towards resolving disputes out of traditional courtrooms.
The case initially involved disputes over tax calculations and liabilities that were contested up to the ITAT. The appellant eventually chose to withdraw the appeal and settle the disputes under the newly introduced scheme aimed at reducing litigation in direct tax matters.
This settlement under the Vivad Se Vishwas Scheme not only resolved the immediate tax disputes but also set a precedent for similar cases. It demonstrated the effectiveness of alternative dispute resolution methods in the context of tax litigation, offering a less adversarial and more cost-effective approach.
The resolution of ITA No. 293/DEL/2019 under the Vivad Se Vishwas Scheme offers valuable insights into the benefits of such initiatives for taxpayers and the legal system, aiming to reduce pending litigation and simplify the tax dispute resolution process.
Vivad Se Vishwas Resolution in ITA No. 293/DEL/2019: Anand Prakash Gupta vs ACIT
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