Direct Tax Vivad Se Vishwas Act, 2020 ( 2020) 422 ITR 121 ( St)

S. 3 : Amount payable by the declarant -Time and manner of payment- Amount recovered attaching the bank account – Authorities concerned directed to refund excess amount recovered and accept the declaration as per the law . .[ S. 5, Art. 226 ]

S. 276CC : Offences and prosecutions-Failure to furnish return of income-Return filed after due date but before notice issued-Payment of tax with interest-In due time-”Or” and “And”-Word “Or” is normally disjunctive and “And” is normally conjunctive-Application to quash the proceedings is dismissed. [S.139(1) 139(4),234A, 278E, Code of Civil Procedure 1908, S.482]

S. 276B : Offences and prosecutions-Failure to pay to the credit tax deducted at source-Company-Directors-Separate notice to directors is not necessary-Directors could be as principal officer-Could be agitated before Trail court. [S. 2(35), 278B]

S. 276B : Offences and prosecutions-Failure to pay to the credit tax deducted at source-Not Principal officers of the company-More than 70 years of age-Writ petition to quash the proceedings was rejected.[S.2(35), 278B]

S. 271AAB : Penalty-Search initiated on or after Ist day of July 2012-No incriminating document seized during search-Penalty Could be imposed only under Section 271AAB and not under section 271(1)(c). [S. 132, 153A, 271(1)(c)]

S. 264 : Commissioner-Revision of other orders-Bonafide mistake-Commissioner is not justified in rejecting the application on the ground that assessee failed to file revised return without considering the merits of the case-Directed to pass a reasoned and speaking order. [S. 10(38), 139(5), Art. 226, 265]

S. 260A : Appeal-High Court-Revision of orders prejudicial to revenue-Order set aside by the Tribunal-Submissions not before the Tribunal-Liberty granted to the Department to approach tribunal for clarification or rectification of order. [S. 254(2), 263]

S. 254(1) : Appellate Tribunal-Powers-No cross objections by the Department-Tribunal remanding of matter in entirety-Prejudicial to assessee-Tribunal is directed to limit its adjudication to issues raised by assesses.-Order of Tribunal is set aside. [S. 36(1)(iii) 147]

S. 250 : Appeal-Commissioner (Appeals)-Limitation-Appeal Should be heard within reasonable time-Directed to dispose of the appeal within a period of three months from the date of receipt of a copy of the order. [S. 246A, 250(6A), Art. 226]

S. 245D : Settlement Commission-Settlement of cases-Procedure Due process followed-No allegation of fraud or malice-Writ petition is dismissed.[S. 245C, 245A, 245D(4), Art. 226]