INCOME TAX ACT, 1961

Section 260A

Appeal (High Court) - Substantial question of law - Assessee intended to avail the benefit of Vivad Se Vishwas Scheme -

Assessee filed appeal against the order of Tribunal and submitted that he intends to avail the benefit of Vivad Se Vishwas Scheme and in this regard, he is taking steps to file the application/declaration in Form No. I. Held: It may not be necessary for this Court to decide the Substantial Questions of Law framed for consideration on account of certain subsequent developments. The Government of India enacted the Direct Tax Vivad Se Vishwas Act, 2020 (Act 3 of 2020) to provide for resolution of disputed tax and for matters connected therewith or incidental thereto. The Act of the Parliament received the assent of the President on 17-3-2020 and published in the Gazette of India on 17-3-2020. In terms of the said Act, the assessee has been given an option to put an end to the tax disputes, which may be pending at different levels either before the First Appellate Authority or before the Tribunal or before the High Court or before the Supreme Court of India. Thus, assessee was directed to file Form No. I and the competent authority shall process the application/declaration in accordance with the Act and pass appropriate orders as expeditiously as possible preferably within a period of six (6) weeks from the date on which the declaration is filed in the proper form.

REFERRED :

FAVOUR : In assessee's favour

A.Y. :

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