ITAT Delhi Drops Tax Appeal as LiuGong India Opts for Relief under Vivad Se Vishwas Scheme [Read Order]
The ITAT Delhi Bench dismissed Liugong India Pvt. Ltd.'s tax appeal after it chose relief under the Vivad se Vishwas Scheme, 2024
![ITAT Delhi Drops Tax Appeal as LiuGong India Opts for Relief under Vivad Se Vishwas Scheme [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Delhi-Vivad-Se-Vishwas-Scheme-TAXSCAN.jpg "ITAT Delhi Drops Tax Appeal as LiuGong India Opts for Relief under Vivad Se Vishwas Scheme [Read Order]")
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Delhi Bench dismissed an appeal after the appellant opted for the Direct Tax Vivad se Vishwas Scheme, 2024. LiuGong India Private Limited, the appellant in the case, had challenged the final assessment order passed by the Assistant Commissioner of Income Tax, for the Assessment Year 2012-13. Know Practical Aspects of...
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Delhi Bench dismissed an appeal after the appellant opted for the Direct Tax Vivad se Vishwas Scheme, 2024.
LiuGong India Private Limited, the appellant in the case, had challenged the final assessment order passed by the Assistant Commissioner of Income Tax, for the Assessment Year 2012-13.
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The order was issued under Section 143(3) read with Section 144C of the Income-tax Act, 1961. The draft assessment order had been framed by the Deputy Commissioner of Income Tax, Transfer Pricing Officer, New Delhi, under Section 92CA(3) on January 25, 2016. Subsequently, the Dispute Resolution Panel (DRP) issued directions under Section 144C(5) on September 26, 2016, leading to the final assessment order on November 9, 2016.
The case was heard by Vice President Mahavir Singh and Accountant Member M. Balaganesh. During the hearing, Sorav Garg, Authorized Representative (AR) of the appellant, informed the Tribunal that the company had opted for the Vivad se Vishwas Scheme, 2024 and had submitted Form No.1, while the Revenue had issued Form No.2 in response.
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In light of this, the appellant sought to withdraw the appeal.
The Vivad se Vishwas Scheme is a dispute resolution initiative introduced by the Indian government to settle pending direct tax litigation. The scheme aims to reduce tax litigation and promote quick settlements.
The Tribunal acknowledged the submission and dismissed the appeal as withdrawn. However, it granted liberty to the assessee to seek a recall of the order if the settlement under the scheme was unsuccessful.
With this decision, the appeal stands dismissed, marking another case resolved under the Vivad se Vishwas Scheme.
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To Read the full text of the Order CLICK HERE
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