This article examines the unique case of ITA 583/DEL/2019, where Kuber Khanpan Udyog Pvt. Ltd. chose to withdraw its appeal against the ACIT, Central Circle-30, New Delhi. The withdrawal came after opting for the resolution under the Direct Tax Vivad Se Vishwas Act, 2020.
The case initially contested assessments made for the fiscal year 2014-15, focusing on significant tax disputes between the taxpayer and the Income Tax Department. This scenario underscores the government’s efforts to reduce litigation and promote a non-adversarial tax resolution environment.
During the proceedings, the legal representatives of Kuber Khanpan Udyog Pvt. Ltd. officially withdrew the appeal, following the acceptance of their declaration under the Vivad Se Vishwas scheme. This decision was facilitated by the issuance of Form 5 by the designated authority, effectively resolving the dispute.
The withdrawal of the appeal under such a scheme is pivotal as it reflects the evolving dynamics of India’s tax resolution framework. It highlights the benefits and efficiencies introduced by the Vivad Se Vishwas Act, aimed at reducing pending litigation and enabling a streamlined tax dispute resolution mechanism.
This case of ITA 583/DEL/2019 serves as a significant precedent for similar tax-related disputes, illustrating the effectiveness of alternative dispute resolution methods in the realm of tax law and the proactive steps taken by taxpayers to settle disputes amicably.
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