TaxTMI 
TaxTMI 
What is the remedy if Form 3 seeks Higher Tax ( As computed by AO in original demand) while AO has already rectified the computational error and reduced the demand.
FORM 3 Viwad se Viswas Scheme
25 Apr 2021 
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Vivad se Vishwas Scheme: remedy where Form 3 demands exceed a rectified assessing officer's reduced tax demand.
Query concerns a conflict under the Vivad se Vishwas Scheme where Form 3 reflects a higher tax based on the Assessing Officer's original computation while the Assessing Officer has rectified the computational error and reduced the demand, raising the issue of the appropriate remedy to reconcile the Form 3 filing with the corrected assessment. (AI Summary)
Query concerns a conflict under the Vivad se Vishwas Scheme where Form 3 reflects a higher tax based on the Assessing Officer's original computation while the Assessing Officer has rectified the computational error and reduced the demand, raising the issue of the appropriate remedy to reconcile the Form 3 filing with the corrected assessment. (AI Summary)