This document details the proceedings of ITA No.5094/DEL/2019, where Sunflower Trust engaged with the Vivad Se Vishwas scheme to address disputes from the assessment year 2015-16.
Sunflower Trust, a notable entity based in New Delhi, contested issues from the AY 2015-16 which led them to the tribunal. The appeal was against orders passed by CIT(A)-40, New Delhi which were not in favor of the Trust.
During the tribunal hearings, the Trust opted to withdraw the appeal, influenced by their application to the Vivad Se Vishwas Scheme, an initiative by the government to reduce litigation. Documentation including Declaration Forms No. 1 & 2 and Form No. 3 confirmed their entry into the scheme. The tribunal acknowledged this decision and dismissed the appeal with a provision allowing the Trust to reinstitute the appeal should the scheme not resolve their disputes entirely.
The resolution signifies a strategic move by Sunflower Trust to leverage the Vivad Se Vishwas scheme, thus avoiding prolonged litigation. This case serves as a reference for similar entities considering the scheme as a viable option for dispute resolution. It highlights the importance of understanding procedural rights and options within the Indian judicial system for tax-related disputes.
Vivad Se Vishwas Scheme Resolution for Sunflower Trust, AY 2015-16
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