Sky Light Hospitality LLP takes immunity under Vivad Se Vishwas Scheme.


Quick Summary
Sky Light Hospitality LLP has had its appeal dismissed as withdrawn by the Income Tax Appellate Tribunal. This decision was made because the company opted to resolve its tax dispute through the Vivad se Vishwas Scheme. The dismissal is conditional; if the dispute isn't settled under the scheme, the company can reapply to have the appeal reinstated.

Court :
ITAT New Delhi

Brief :
This appeal is filed by the assessee against the order dated 14/2/2019 passed by CIT(A)-32 for Assessment Year 2010-11.

Citation :
I.T.A. No. 3710/DEL/2019 (A.Y 2014-15)

IN THE INCOME TAX APPELLATE TRIBUNAL
 DELHI BENCH: ‘SMC-2’ NEW DELHI
 
BEFORE SHRI ANIL CHATURVEDI, ACCOUNTANT MEMBER
 I.T.A. No. 3710/DEL/2019 (A.Y 2014-15)
 (THROUGH VIDEO CONFERENCING)

Sky Light Hospitality LLP (since
M/s Sky Light Hospitality (P) Ltd.
has been converted inot LLP and
presnelty known as M/s Sky Light
Hospitality LLP)
(APPELLANT)

Vs 

ITO
Ward-28(1)
New Delhi
(RESPONDENT)

Appellant by Sh. Lalit Mohan, CA
Respondent by Sh. Vinod Sharma, Sr. DR

Date of Hearing 28.12.2020
Date of Pronouncement 28.12.2020

ORDER

PER ANIL CHATURVEDI, AM

This appeal is filed by the assessee against the order dated 14/2/2019 passed by CIT(A)-32 for Assessment Year 2010-11.

2. Before us, the assessee has moved an application dated 27.12.2020 where in it is submitted that the assessee is interestedto resolve the pending issue through Direct Tax “ Vivad se VishwasScheme” (VSV) Act, 2020, and has filed Declaration Form No. 1 & 2 but the authorities have not yet granted Certificate in Form No. 3.

3. In view of the aforesaid facts and after considering the submissions of the assessee, I dismiss the appeal of assessee as withdrawn subject to a caveat that in case the dispute relating totax arrears for the captioned assessment year is not ultimatelyresolved in terms of the aforesaid Act, the assessee shall be at liberty to approach the Tribunal for reinstitution of the appeal and the Tribunal shall consider directions the appeal of the assessee is dismissed as withdrawn.

4. In the result, appeal of the assessee is dismissed.

Order pronounced in the Open Court on 28.12.2020.

 Sd/-
 (ANIL CHATURVEDI)
 ACCOUNTANT MEMBER

Dated: 28 /12/2020
R. Naheed *
Copy forwarded to:

1. Appellant
2. Respondent
3. CIT
4. CIT(Appeals)
5. DR: ITAT

 ASSISTANT REGISTRAR
 ITAT NEW DELHI 

 

FAQ :

The Vivad se Vishwas Scheme is a direct tax dispute resolution scheme introduced in 2020, allowing taxpayers to settle pending tax disputes.

The appeal was dismissed as withdrawn because Sky Light Hospitality LLP applied to resolve the issue under the Vivad se Vishwas Scheme.

Yes, the company can approach the Tribunal to reinstate the appeal if the dispute is not ultimately resolved under the Vivad se Vishwas Act.

This judgement relates to Assessment Year 2010-11.

 

Guest
Published in Income Tax
Views : 141

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