Tricore Solutions Private Limited V. The Assistant Commissioner of Income Tax, Circle 25(1), New Delhi and ANR

W.P.(C)/10224/2023

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The case involves Tricore Solutions Private Limited, the petitioner, who contested the final assessment order passed by the Assistant Commissioner of Income Tax, despite having settled the tax dispute under the Direct Tax Vivad Se Vishwas Act, 2020. The petitioner was issued Form 5, indicating a settlement, yet a final assessment order was still issued, leading to the challenge of subsequent rectification orders. The respondents, upon review, agreed to withdraw the contested rectification order, leading to the disposal of the writ petition.

• Counselvise Citation: [2024] 140 COUNSELVISE.COM (IT) 681206 (HC-DELHI)
• Appeal Type: Others
• Pronouncement Date: 09-08-2024
• Assessment Year: misc
• Laws Referred To: Direct Tax Vivad Se Vishwas Act, 2020, Income Tax Act, 1961
• Result in Favour of: Others
• Court: HIGH COURT
• Department Lawyers: SUNIL AGARWAL; SHIVANSH PANDYA; VIPLAV ACHARYA; UTKARSH TIWARI
• Assessee Lawyers: VISHAL KALRA; S S TOMAR
• Keywords: Assessment Year 2016-17; Direct Tax Vivad Se Vishwas Act; Final Assessment Order; Income Tax; Rectification Order; Settlement
• Section: 143(3); 154; 92CA(5)

Judgement Text

"$~35 * IN THE HIGH COURT OF DELHI AT NEW DELHI + W.P.(C) 10224/2023 & CM APPL. 39573/2023 (Stay) TRICORE SOLUTIONS PRIVATE LIMITED .....Petitioner Through: Mr. Vishal Kalra & Mr. S.S. Tomar, Advs. versus THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 25(1), NEW DELHI & ANR......Respondents Through: Mr. Sunil Agarwal, SSC with Mr. Shivansh B. Pandya, Mr. Viplav Acharya, JSCs & Mr. Utkarsh Tiwari, Adv. CORAM: HON'BLE MR. JUSTICE YASHWANT VARMA HON'BLE MR. JUSTICE RAVINDER DUDEJA % 09.08.2024 O R D E R 1. We take on record the principal controversy that arises in this writ petition and which stands duly encapsulated in our order of 04 August 2023, which is extracted hereinbelow: “W.P.(C) 10224/2023 & CM No.39573/2023 [Application filed on behalf of the petitioner seeking interim relief] 2. This writ petition concerns Assessment Year (AY) 2016-17. 3. The record shows that the petitioner took recourse to the provisions of Direct Tax Vivad Se Vishwas Act, 2020 [in short, “2020 Act”], and entered into a settlement with regard to the disputed tax liability. 3. It is averred that Form 5 under the 2020 Act was issued to the petitioner on 17.02.2021. 4. The grievance of the petitioner emerges on account of the fact that, despite having settled the matter and being issued Form 5, a final assessment order was passed by respondent no.1 on 13.04.2021, without giving effect to the settlement arrived at by the petitioner with the respondent/revenue. This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 14/08/2024 at 11:41:26 5. It is in this context that the petitioner seeks to challenge the rectification order dated 07.11.2022, passed under Section 154 read with Section 143(3) of the Income Tax Act, 1961 [in short, “1961 Act”]. 6. Besides this, challenge is also laid to the order dated 28.09.2021 passed under Section 154/92CA(5) of the 1961 Act, by respondent nos.1 and 2. 7. Accordingly, issue notice. 7.1 Mr Sunil Agarwal, learned senior standing counsel, accepts notice on behalf of the respondents/revenue. 8. Mr Agarwal, learned senior standing counsel, who appears on behalf of the respondents/revenue, says that he will obtain instructions in the matter. 9. If instructions are received to resist the writ petition, a counter affidavit will be filed, before the next date of hearing. 10. List the matter on 07.11.2023.” 2. Mr. Agarwal, learned counsel appearing on the respondents, on instructions states that bearing in mind the closure which came to be accorded pursuant to the issuance of Form 5 under the Direct Tax Vivad Se Vishwas Act, 2020, the rectification order of 07 November 2022 shall be duly recalled and withdrawn within a period of two weeks from today. The statement so made is recorded and accepted. 3. In view of the aforesaid and since nothing further would survive, the writ petition shall stand disposed of. YASHWANT VARMA, J. RAVINDER DUDEJA, J. AUGUST 9, 2024/kk This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 14/08/2024 at 11:41:26 "