Court permits respondent to pursue tax dispute resolution scheme, reserves right to reinstate appeal. No costs awarded.

The Court allowed the respondent to pursue the Vivad Se Vishwas Scheme for tax dispute resolution, granting liberty to reinstate the appeal if the scheme's outcome is unsatisfactory. The respondent must file the necessary form within a specified timeframe. The Court concluded the Tax Case Appeal without costs, leaving the Substantial Questions of Law unresolved.

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Issues:
1. Whether the Tribunal correctly assessed 75% of receipts under 'income from house property' and 25% under 'Income from business' without rationaleRs.
2. Whether the Tribunal erred in not following previous decisions and if the current order is perverseRs.

Analysis:
1. The appeal was filed challenging the Tribunal's order on the assessment for the Assessment Year 2012-13. The appellant argued that the Tribunal incorrectly bifurcated the receipts without justification. The counsel for the respondent mentioned the intention to avail the Vivad Se Vishwas Scheme for resolving tax disputes.

2. The Court noted subsequent developments regarding the Direct Tax Vivad Se Vishwas Act, 2020, providing an option to resolve tax disputes. The Act defines disputed tax, outlines the process for declarants, and specifies the amount payable based on the provisions. Provisions under Sections 3, 4, 5, and 6 detail the declaration filing, payment, and immunity from penalties. Exceptions under Section 9 were also highlighted.

3. The Court granted the respondent the liberty to restore the appeal if the decision on the declaration under the Act is unfavorable. The respondent was directed to file Form No.I by a specified date, with the competent authority processing the application promptly. The Court disposed of the Tax Case Appeal with the mentioned liberty, leaving the Substantial Questions of Law open and without imposing any costs.

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