https://www.taxtmi.com/caselaws?id=762739 The Delhi HC held that an assessee can confine settlement under the Direct Tax Vivad Se Vishwas Act, 2020 to specific disputes declared in their application. The court ruled that where the designated authority modified the assessee's declaration to include additional disputes not originally declared, this exceeded the scope of the assessee's intended settlement. The petition was allowed, directing authorities to issue a modified certificate under Section 5(1) limited to the assessee's original declaration regarding disallowance of derivative trading losses, excluding unrelated disputes from the consolidated revenue appeal. en-us Wed, 27 Nov 2024 00:00:00 +0530 Thu, 05 Dec 2024 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762739 The Delhi HC held that an assessee can confine settlement under the Direct Tax Vivad Se Vishwas Act, 2020 to specific disputes declared in their application. The court ruled that where the designated authority modified the assessee's declaration to include additional disputes not originally declared, this exceeded the scope of the assessee's intended settlement. The petition was allowed, directing authorities to issue a modified certificate under Section 5(1) limited to the assessee's original declaration regarding disallowance of derivative trading losses, excluding unrelated disputes from the consolidated revenue appeal. Case-Laws Income Tax Wed, 27 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762739