Case Law Details
Rolls Royce Industrial Power (India) Limited Vs CIT (IT) (Delhi High Court)
Introduction: The Delhi High Court recently addressed a significant legal matter in the case of Rolls Royce Industrial Power (India) Limited versus the Central Board of Direct Taxes (CBDT) under the Direct Tax Vivad Se Vishwas Act, 2020. The core of the dispute revolves around the challenge to Form 3 issued under the said Act.
Nature of Challenge: The case involves a challenge to Form 3, which was issued under the Direct Tax Vivad Se Vishwas Act, 2020. This Act aimed to provide taxpayers with a means to settle pending tax disputes by offering certain concessions.
Contention of the Petitioner: The petitioner, represented by Mr. Kamal Sawhney, contended that the impugned Form 3 in question bore the date 15.04.2021. It is essential to note that the date of this form holds significance, as it might impact the tax liabilities and concessions available to the petitioner.
Response of the Revenue: Mr. Sunil Agarwal, the learned senior standing counsel representing the respondent/revenue, conveyed that the respondent’s stance was that the forms issued to the petitioner needed to be reworked. This suggested that the original forms might not accurately align with the contentions made in the counter-affidavit.
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