https://www.taxtmi.com/caselaws?id=434294 The court set aside the issuance of the revised Form 3, finding it unsustainable. It directed the respondents to adhere to the petitioner's original declaration by Form 3 for the assessment year 2014-15, in line with the Direct Tax Vivad Se Vishwas Act, 2020. The court emphasized the importance of considering the rectification order under section 154 of the Income Tax Act and relevant CBDT circulars, rejecting the respondents' justification for treating a portion of the income as unaccounted and taxable at a higher rate. en-us Fri, 27 Jan 2023 00:00:00 +0530 Wed, 07 Feb 2024 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434294 The court set aside the issuance of the revised Form 3, finding it unsustainable. It directed the respondents to adhere to the petitioner's original declaration by Form 3 for the assessment year 2014-15, in line with the Direct Tax Vivad Se Vishwas Act, 2020. The court emphasized the importance of considering the rectification order under section 154 of the Income Tax Act and relevant CBDT circulars, rejecting the respondents' justification for treating a portion of the income as unaccounted and taxable at a higher rate. Case-Laws Income Tax Fri, 27 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434294