The assessment order under section 143(3) of the Act was passed in the case of an assessee for the assessment year 2015-16. The said assessment order is pending with ITAT. Subsequently another order under section 147/143(3) was passed for the same assessment year and that is pending with CIT (Appeals)? Could both or one of the orders be settled under Vivad se Vishwas?
FAQs on Direct Tax Vivad Se Vishwas Act, 2020
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Vivad se Vishwas settlement allows taxpayers to settle one or both concurrent appeals with a single Form No 1 declaration. A taxpayer may elect to settle either one or both concurrent appeals under the Vivad se Vishwas framework; if both are settled a single Form No 1 declaration is filed and the disputed tax is the aggregate of the disputed tax in both appeals.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Vivad se Vishwas settlement allows taxpayers to settle one or both concurrent appeals with a single Form No 1 declaration.
A taxpayer may elect to settle either one or both concurrent appeals under the Vivad se Vishwas framework; if both are settled a single Form No 1 declaration is filed and the disputed tax is the aggregate of the disputed tax in both appeals.
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