In a recent order, the Income Tax Appellate Tribunal (ITAT) Pune Bench dismissed the appeal filed by Ravi Shivangekar for the Assessment Year 2020-21 after he opted for resolution under the Direct Tax Vivad Se Vishwas Scheme-2024. The decision allows the assessee to settle his tax dispute through the scheme without further litigation.
The case was heard by a bench comprising Rama Kanta Panda (Vice President) and Vinay Bhamore (Judicial Member). The appeal was filed against the order passed by the Commissioner of Income Tax (Appeals)-National Faceless Appeal Centre (CIT(A)-NFAC), Delhi, dated October 9, 2024.
ITAT Dismisses Assessee’s Appeal with Liberty to Revive if Vivad Se Vishwas Scheme Fails
During the hearing, the assessee’s counsel, Pramod S. Shingte, informed the tribunal that Ravi Shivangekar(appellant) had already submitted Form-1 under the Vivad Se Vishwas Scheme and was awaiting the issuance of Form-2 from the tax department. Given this, he requested permission to withdraw the appeal. The Revenue, represented by Arvind Desai, Addl. CIT-DR, did not raise any objection to the withdrawal request.
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Considering the assessee’s submission and the absence of any opposition from the Revenue, the ITAT allowed the appeal to be withdrawn and dismissed the case accordingly. This move underscores the efficiency and effectiveness of the Vivad Se Vishwas Scheme-2024 in facilitating dispute resolution by offering taxpayers an opportunity to settle pending tax cases amicably.
Assessee opts for Vivad se Vishwas Scheme: ITAT allows assessee to withdraw appeal
The scheme aims to reduce tax litigation by allowing taxpayers to resolve disputes by paying a specified percentage of the outstanding tax demand, thereby avoiding prolonged court proceedings. The tribunal’s decision reinforces the growing preference among taxpayers for opting for alternative dispute resolution mechanisms to avoid unnecessary litigation and focus on compliance.
With this order, the case stands closed at the appellate level, providing the assessee relief from ongoing litigation.
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