INCOME TAX ACT, 1961

Section 4

Direct Tax Vivad Se Vishwas Act, 2020 - Declaration thereunder - Assessee granted liberty to restore appeal -

Assessee intended to avail of the benefit of Vivad Se Vishwas Scheme and in this regard, assessee was taking steps to file the application/declaration in Form No. I. It may not be necessary for this court to decide the substantial question of law raised for consideration on account of certain subsequent developments. Held: The assessee is given liberty to restore this appeal in the event the ultimate decision to be taken on the declaration to be filed by the assessee under section 4 of the said Act is not in favour of the assessee. If such a prayer is made, the Registry shall entertain the prayer without insisting upon any application to be filed for condonation of delay in restoration of the appeal and on such request made by the assessee by filing a miscellaneous petition for restoration, the Registry shall place such petition before the Division Bench for orders.

REFERRED :

FAVOUR : Directions issued

A.Y. : 2015-16

SUBSCRIBE FOR FULL CONTENT