Maruti Suzuki India Ltd. - Assessee has withdrawn the appeal as the dispute would be settled under VSV Scheme.

Last updated: 11 January 2021

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Maruti Suzuki India Ltd. has withdrawn its appeal concerning the assessment year 2010-11. The company chose to settle the dispute under the direct tax Vivaad Se Vishwas Act, 2020, to avoid further litigation. The necessary declarations have been filed with the designated authority.

Court :
ITAT New Delhi

Brief :
This appeal by the assessee is preferred against the order of the CIT(A)-15, New Delhi dated 01.03.2017 pertaining to A.Y.2010-11.

Citation :
ITA No.4303/Del/2017

IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH ‘E’, NEW DELHI

BEFORE SH. N. K. BILLAIYA, ACCOUNTANT MEMBER
AND
SH. SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER
(THROUGH VIDEO CONFERENCING)

ITA No.4303/Del/2017

Assessment Year: 2010-11
Maruti Suzuki India Ltd. Plot
No.1, Nelson Mandela Road,
Vasant Kunj, New Delhi
PAN No.
(APPELLANT)

DCIT
Circle – 9 (1) New Delhi
(RESPONDENT)

Appellant by Sh. Rohit Jain, Advocate
M/s. Somiya Jain, CA
Respondent by Ms. Rakhi Vimal, Sr. DR.

Date of hearing: 05/01/2021
Date of Pronouncement: 05/01/2021

ORDER

PER N. K. BILLAIYA, AM:

This appeal by the assessee is preferred against the order of the CIT(A)-15, New Delhi dated 01.03.2017 pertaining to A.Y.2010-11.

2. At the very outset the counsel for the assessee drew ourattention to the letter dated 04.01.2020 in which he stated that the appellant in order to buy peace and avoid litigation decided to settle the captioned appeal under the direct tax Vivaad SeVishwas Act, 2020. The counsel pointed out that necessary declarations have already been filed with the designated authority.

To know more in details find the attachment file

FAQ :

Maruti Suzuki India Ltd. has withdrawn its appeal to settle the dispute under the direct tax Vivaad Se Vishwas Act, 2020, in order to buy peace and avoid litigation.

This appeal relates to the assessment year 2010-11.

The Vivaad Se Vishwas Act, 2020, is a direct tax scheme introduced to settle disputes and avoid litigation.

Yes, the counsel for the assessee stated that necessary declarations have already been filed with the designated authority under the VSV Scheme.