https://www.taxtmi.com/caselaws?id=406582 The High Court disposed of the case without deciding on the allowability of the provision for rebate in the computation of book profits and under normal provisions of the Income Tax Act, 1961. This decision was influenced by the enactment of the Direct Tax Vivad Se Vishwas Act, 2020, and the respondent's compliance with the Act's requirements. The Court granted the assessee the liberty to restore the appeal if necessary, without needing an application for condonation of delay. The judgment primarily focused on the impact of the Act on the pending appeals, leading to the case's closure without a detailed analysis of the legal questions raised. en-us Wed, 31 Mar 2021 00:00:00 +0530 Sat, 17 Apr 2021 11:06:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406582 The High Court disposed of the case without deciding on the allowability of the provision for rebate in the computation of book profits and under normal provisions of the Income Tax Act, 1961. This decision was influenced by the enactment of the Direct Tax Vivad Se Vishwas Act, 2020, and the respondent's compliance with the Act's requirements. The Court granted the assessee the liberty to restore the appeal if necessary, without needing an application for condonation of delay. The judgment primarily focused on the impact of the Act on the pending appeals, leading to the case's closure without a detailed analysis of the legal questions raised. Case-Laws Income Tax Wed, 31 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406582