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2020 (3) TMI 898 - HC - Income TaxEligibility of benefit under the Direct Tax Vivad Se Vishwas Act, 2020 - grievance of the petitioner is that due to pendency of its application for restoration of the appeal, it is being deprived of the benefit that it expects to receive under the Direct Tax Vivad Se Vishwas Act, 2020, which provides scheme for waiving of certain amount of tax of the eligible assesees - HELD THAT:- All the applications of the petitioner including application for condonation of delay and application for restoration of appeal shall be heard as soon as possible and disposed of in accordance with law by respondent no.3 latest by 24/3/2020, if the petitioner deposits with respondent no.2 an amount of rupees twenty-five lakhs latest by 23/3/2020. If any amount is determined to be in excess of the amount liable to be assessed to the petitioner under the scheme, same shall be refunded to the petitioner. The auction sale shall stand deferred for a period of eight weeks from the date of order. Rule is made absolute in the aforesaid terms.
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