https://www.taxtmi.com/caselaws?id=424731 The HC set aside the respondents' rejection of the petitioners' declarations under the Direct Tax Vivad se Vishwas Act, 2020, due to pending prosecution under Section 276CC of the Income Tax Act. The court determined that such prosecution did not constitute a "tax arrear" under the Act, thus allowing the petitioners to file declarations. The matter was remanded for reconsideration in accordance with the Act, disregarding certain FAQs deemed contrary to its scheme. The issue concerning the computation of the compounding fee was not addressed, as the court resolved the primary grievance. No costs were awarded, and any pending miscellaneous petitions were closed. en-us Fri, 29 Apr 2022 00:00:00 +0530 Mon, 15 Apr 2024 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424731 The HC set aside the respondents' rejection of the petitioners' declarations under the Direct Tax Vivad se Vishwas Act, 2020, due to pending prosecution under Section 276CC of the Income Tax Act. The court determined that such prosecution did not constitute a "tax arrear" under the Act, thus allowing the petitioners to file declarations. The matter was remanded for reconsideration in accordance with the Act, disregarding certain FAQs deemed contrary to its scheme. The issue concerning the computation of the compounding fee was not addressed, as the court resolved the primary grievance. No costs were awarded, and any pending miscellaneous petitions were closed. Case-Laws Income Tax Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424731