Case Law Details
Transcend India Private Limited Vs DCIT (Delhi High Court)
In a recent judgment by the Delhi High Court on 20th November 2023, the case of Transcend India Private Limited Vs DCIT (Deputy Commissioner of Income Tax) was brought to a resolution. The case revolved around a tax dispute related to the Assessment Year (AY) 2003-04. The court’s decision, as outlined in the order, provides insights into the complexities of tax proceedings and the application of the Direct Tax Vivad Se Vishwas Act, 2020.
Background: The petitioner, represented by Mr. Vishal Kalra, raised concerns regarding a communication received on 20th November 2023 from the respondents/revenue. The communication indicated that the challan for AY 2003-04 had been corrected, and credit for Rs.25 lakhs could be granted, as sought in the petitioner’s prayer clause (a) of the writ petition.
Court Proceedings
1. Initial Hearing (20th November 2023): At the initial hearing, Mr. Kalra informed the court about the communication received and proposed two alternative solutions. Firstly, the respondents could grant the requested credit for Rs.25 lakhs, or secondly, they could correct Form-3 issued under the Direct Tax Vivad Se Vishwas Act, 2020, for AY 2003-04.
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