ITA No. 278/DEL/2019 marks a significant decision where S.S. Inframart Pvt. Ltd. chose to withdraw their appeal for the Assessment Year 2009-10 under the Vivad Se Vishwas Scheme. This document provides an in-depth analysis of the proceedings and strategic decisions leading to the withdrawal.
S.S. Inframart Pvt. Ltd., through its appeal against the order of CIT(A)-30 dated November 30, 2018, sought judicial reconsideration on specific tax disputes for the assessment year 2009-10. However, the resolution trajectory shifted when the firm decided to embrace the government’s Vivad Se Vishwas Scheme, designed to mitigate longstanding tax disputes.
The hearing conducted via video conferencing on March 12, 2021, culminated in the withdrawal of the appeal by the assessee. The decision was backed by a certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020, confirming the assessee’s participation in the scheme.
The withdrawal under the Vivad Se Vishwas Scheme not only concludes the appeal for the assessment year in question but also sets a precedent for similar future proceedings. This analysis discusses the legal, financial, and procedural implications of such withdrawals, providing insights into strategic dispute resolution.
This case summary reflects on the broader impacts of the Vivad Se Vishwas Scheme on the judicial processes related to tax disputes, illustrating how such schemes can lead to expedited resolutions and reduced litigation burdens.
Withdrawal of Tax Appeal under Vivad Se Vishwas Scheme by S.S. Inframart Pvt. Ltd. for AY 2009-10
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