Yashvi Advisory Services Pvt. Ltd. vs ITO Ward 27(4) – Dispute Settlement under Vivad Se Vishwas Scheme for AY 2010-11

Yashvi Advisory Services Pvt. Ltd. vs ITO Ward 27(4): Dispute Settlement under Vivad Se Vishwas Scheme for AY 2010-11

Case Number: ITA 6523/DEL/2019

Appellant: Yashvi Advisory Services Pvt. Ltd., New Delhi

Respondent: ITO Ward-27(4), New Delhi

Assessment Year: 2010-11

Order Type: Final Tribunal Order

Date of Order: 2021-03-03

Pronounced on: 2021-03-03

Background of the Case

Yashvi Advisory Services Pvt. Ltd., based in New Delhi, filed an appeal for the assessment year 2010-11, challenging the order of the Commissioner of Income Tax (Appeals) [CIT(A)]-9, New Delhi, dated 4th June 2019. The case was heard before the Income Tax Appellate Tribunal (ITAT) Delhi Bench ‘D’ through video conferencing.

Appeal Withdrawal under Vivad Se Vishwas Scheme

During the course of the virtual hearing on 3rd March 2021, none appeared on behalf of the appellant, Yashvi Advisory Services Pvt. Ltd. However, the appellant had previously submitted a letter dated 25th February 2021, requesting the withdrawal of the appeal. The letter stated that the appellant had opted to settle the dispute related to the tax arrears for the assessment year 2010-11 under the Vivad Se Vishwas Scheme, 2020.

The Vivad Se Vishwas Scheme, introduced by the Indian government, aims to reduce litigation by providing taxpayers with an opportunity to settle their pending tax disputes. Under this scheme, taxpayers can resolve their disputes by paying a specified amount, thereby avoiding prolonged litigation and associated costs.

The appellant also submitted a certificate under Section 5(1) of The Direct Tax Vivad Se Vishwas Act, 2020, confirming their participation in the scheme.

Respondent’s Stand and Tribunal’s Decision

During the hearing, the learned Senior Departmental Representative (DR) representing the Income Tax Department raised no objections to the withdrawal of the appeal by the appellant.

Given the circumstances and the appellant’s request to settle the dispute under the Vivad Se Vishwas Scheme, the Tribunal accepted the request for withdrawal. Consequently, the appeal filed by Yashvi Advisory Services Pvt. Ltd. for the assessment year 2010-11 was dismissed as withdrawn.

Conclusion

The decision to withdraw the appeal marks the conclusion of the tax dispute for Yashvi Advisory Services Pvt. Ltd. for the assessment year 2010-11. By opting for the Vivad Se Vishwas Scheme, the appellant chose a path of settlement over prolonged litigation, which aligns with the government’s objective of reducing tax-related disputes.

This case serves as an example of how the Vivad Se Vishwas Scheme can be an effective tool for taxpayers seeking to resolve their tax disputes swiftly and efficiently, thereby avoiding the complexities and costs associated with lengthy legal proceedings.

The Tribunal’s decision was pronounced on the conclusion of the virtual hearing on 3rd March 2021, and the appeal was officially dismissed as withdrawn.

Yashvi Advisory Services Pvt. Ltd. vs ITO Ward 27(4) – Dispute Settlement under Vivad Se Vishwas Scheme for AY 2010-11