Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2020 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (10) TMI 1124 - AT - Income TaxBenefit of Vivad Se Vishwas Scheme ('VVS Scheme') - Right of the revenue - Disposal of appeal since application has been filed by the assessee but Designated Authority has not accepted the declaration till date - HELD THAT:- Although the Declaration in Form 1 in accordance with Section 4 has been filed by the assessee company, however, the Designated Authority has not yet granted the Certificate in Form 3 under Section 5 of the Direct Tax Vivad Se Vishwas Act, 2020 accepting the said declaration and determining the tax arrears to be paid by the assessee. Assessee’s counsel has further mentioned in her letter dated 19.10.2020 that the captioned appeals would be withdrawn once the Designated Authority accepts the declaration filed by the assessee issues Form 3 under section 5 of the Direct Tax Vivad Se Vishwas Act, 2020. Appeals of the Revenue should be disposed of with the liberty to the Department that if the Department does not issue Form No. 3 to the Assessee, then the Department is at liberty to file a Miscellaneous Application for recalling this order - Both the Appeals filed by the Revenue are dismissed with liberty to file Misc. Application for recalling the order if Form No. 3 of the Direct Tax Vivad Se Vishwas Act, 2020 is not issued to the Assessee.
|