Gail(india) Ltd has opted to settle the pending dipsutes under Vivad Se Vishwas Scheme, and Accordingly withdraws its appeals before ITAT.


Quick Summary
GAIL (India) Ltd. has opted to resolve outstanding tax disputes through the Vivad Se Vishwas Scheme. Consequently, the company has formally requested the withdrawal of its pending appeals before the Income Tax Appellate Tribunal (ITAT). The Tribunal has acknowledged this decision and has consigned the appeals to record, treating them as dismissed.

Court :
ITAT New Delhi

Brief :
These appeals are filed by the assessee as well as by theRevenue against the respective orders of Learned CIT(A), for the Assessment Years 2003-04 to 2007-08 respectively.

Citation :
ITA 4238/DEL/2016

IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI FRIDAY BENCH ‘C’ : NEW DELHI
(Through Video Conferencing)

BEFORE SHRI G.S. PANNU, VICE PRESIDENT AND
SHRI K.N. CHARRY, JUDICIAL MEMBER

ITA No.1124/Del/2008
Assessment Year : 2004-05

M/s GAIL (INDIA) Ltd.
Mr. L. R. Gupta GM (F& A),
16, Bhikaji Cama Place,
New Delhi
PAN : AAACG1209J
(Appellant) 

Vs. 

Addl. CIT,
Range-12, C.R. Building,
New Delhi
(Respondent)

ITA No.4578/Del/2007
Assessment Year : 2003-04

M/s GAIL (INDIA) Ltd.
Mr. L. R. Gupta GM (F& A),
16, Bhikaji Cama Place,
New Delhi
PAN : AAACG1209J
(Appellant) 

Vs. 

Addl. CIT,
Range-12, C.R. Building,
New Delhi
(Respondent)

ITA No.6697/Del/2015
Assessment Year : 2003-04

M/s GAIL (INDIA) Ltd.
Mr. R.C. Gupta, ED (F& A),
16, Bhikaji Cama Place,
New Delhi
PAN : AAACG1209J
(Appellant) 

Vs. 

Dy. Commissioner of Income Tax,
Large Tax Payer Unit, NBCC Plaza,
Pushp Vihar, Sector-3,
New Delhi-110017
(Respondent)

ITA No.22/Del/2016
Assessment Year : 2003-04

Dy. Commissioner of Income
Tax, Circle-1
Large Tax Payer Unit,
NBCC Plaza,
Pushp Vihar, Sector-3,
New Delhi-110017
PAN : AAACG1209J
(Appellant) 

Vs. 

M/s GAIL (INDIA) Ltd.
Mr. R.C. Gupta, ED (F& A),
16, Bhikaji Cama Place,
New Delhi
(Respondent)

ITA No.1044/Del/2011
Assessment Year : 2003-04

M/s GAIL (INDIA) Ltd.
Mr. R.C. Gupta, ED (F& A),
16, Bhikaji Cama Place,
New Delhi
PAN : AAACG1209J
(Appellant) 

Vs. 

Addl. Commissioner of Income Tax,
Range-12, C.R. Building,
New Delhi
(Respondent)

ITA No.1305/Del/2008
Assessment Year : 2004-05

DCIT,
Circle-12(1),
New Delhi
PAN : AAACG1209J
(Appellant) 

Vs. 

M/s GAIL (INDIA) LTD.
16, Bhikaji Kama Place,
R.K. Puram,
New Delhi-66
(Respondent)

ITA No.513/Del/2016
Assessment Year : 2004-05

Dy. Commissioner of Income
Tax, Circle-1
Large Tax Payer Unit,
NBCC Plaza,
Pushp Vihar, Sector-3,
New Delhi-110017
PAN : AAACG1209J
(Appellant) 

Vs. 

M/s GAIL (INDIA) Ltd.
16, Bhikaji Cama Place,
New Delhi
(Respondent)

PER BENCH :

These appeals are filed by the assessee as well as by theRevenue against the respective orders of Learned CIT(A), for the Assessment Years 2003-04 to 2007-08 respectively.

2. The learned counsel for the assessee, vide his letter dated24.12.2020, has intimated the Tribunal that the assessee has opted tosettle the dispute relating to the tax arrears for the assessment yearunder consideration under the Vivad Se Vishwas Act, 2020 (in short ‘the Act’) and requested for withdrawal of the said appeals.

3. Considering the aforesaid situation, the captioned appeals are consigned to records and treated as dismissed.

To know more in details find the attachment file
 

FAQ :

The Vivad Se Vishwas Scheme is a government initiative designed to settle disputes related to tax arrears.

GAIL (India) Ltd. has opted to settle its pending tax disputes under the Vivad Se Vishwas Scheme.

GAIL India Ltd. has requested the withdrawal of its pending appeals before the Income Tax Appellate Tribunal (ITAT) as a result of opting for the Vivad Se Vishwas Scheme.

The Income Tax Appellate Tribunal (ITAT) has consigned the appeals to record and treated them as dismissed, acknowledging GAIL India Ltd.'s decision to settle under the Vivad Se Vishwas Scheme.

The appeals covered assessment years from 2003-04 to 2007-08.

 

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