SVLDRS- DEMAND BASED ON 26 AS STATEMENT AND ABATEMENT OF AMOUNT DEPOSITED PRIOR TO ISSUE OF SHOW CAUSE NOTICE By G.Jayaprakash Advocate

SVLDRS- DEMAND BASED ON 26 AS STATEMENT AND ABATEMENT OF AMOUNT DEPOSITED PRIOR TO ISSUE OF SHOW CAUSE NOTICE By G.Jayaprakash Advocate https://www.taxtmi.com/article/detailed?id=8923 Deposits made by an assessee prior to the issuance of a show-cause notice but within the period covered by that notice should be treated as pre-deposit eligible for abatement under SVLDRS unless the revenue proves the deposits were appropriated to liabilities outside the SCN period or to different assessed dues; where the SCN is based on 26AS/P&L or on non-filing of ST-3 returns, contemporaneous deposits may reasonably be presumed to relate to the SCN liabilities and reduce the demand. en-us Thu, 30 Jan 2020 10:02:25 +0530 Thu, 30 Jan 2020 10:02:25 +0530 TaxTMI RSS Generator SVLDRS- DEMAND BASED ON 26 AS STATEMENT AND ABATEMENT OF AMOUNT DEPOSITED PRIOR TO ISSUE OF SHOW CAUSE NOTICE By G.Jayaprakash Advocate https://www.taxtmi.com/article/detailed?id=8923 Deposits made by an assessee prior to the issuance of a show-cause notice but within the period covered by that notice should be treated as pre-deposit eligible for abatement under SVLDRS unless the revenue proves the deposits were appropriated to liabilities outside the SCN period or to different assessed dues; where the SCN is based on 26AS/P&L or on non-filing of ST-3 returns, contemporaneous deposits may reasonably be presumed to relate to the SCN liabilities and reduce the demand. Articles Other Topics Thu, 30 Jan 2020 10:02:25 +0530 https://www.taxtmi.com/article/detailed?id=8923