S. 3: Amount payable by declarant-Seventy five per cent. of amount determined under scheme paid-Slight delay in paying balance due to circumstances beyond control-Delay is condoned-Direction issued to the respondent to immediately take necessary steps for issuance of form 5 under the Direct Tax Vivad se Vishwas Act, 2020. [S. 4,5, Art. 226]

Direct Tax Vivad Se Vishwas Act, 2020,
S. 2(1): Legacy Dispute Resolution-Deposit of tax arrears-Dropping of cheque in the drop box-Delay of three days in delay of deposit of cheque due to circumstances beyond control. [ITAct, 119, S. 3, 4, Art. 226]]

S. 279 : Offences and prosecutions-Sanction-Chief Commissioner-Commissioner-Compounding of offences-Application-Limitation-Application can be filed either before or subsequent to launching of prosecution-Circular issued by Central Board Of Direct Taxes stipulating limitation period of 12 months-Contrary to legislative intent of provision-Relevant clause of Circular struck down-Matter remitted to decide application on the merits. [S. 119(1), 279(2), Art.226]

S. 276CC : Offences and prosecutions-Failure to furnish return of income-Eligibility to file declaration under scheme-Tax arrears-Not a tax arrear under VVSV Act, 2020-Rejection of application-Prosecution is not valid-SLP of Revenue is dismissed. [S. 139(1) 153A, Direct Tax Vivad Se Vishwas Act, 2020, S. 2(1(o), Art.. 136 ]

S. 264: Commissioner-Revision of other orders-Rectification of mistake-Long term capital gains-Time-Limit-Sale of flat inherited-Indexed cost of improvement-Omission of claim of deduction of Indexed renovation expenses in return of income-Rectification application is rejected on the ground that new claim was not raised earlier-Claim was accepted in other co-owners-Matter remanded for de novo consideration. [S. 45, 48, 50(C)(2), 143(3), 154, Art. 226]c

S. 264 : Commissioner-Revision of other orders-Delay of two years-Pedantic-Genuine hardship cannot be restricted to severe financial crises is only unwarranted-The Authorities have to do substantial justice-Directed to condone the delay and decide the matter on merits-Rectification of mistake-Duty of Assessing Officer-Pendency of rectification application for six years-The Assessing Officer duty bound to pass order expeditiously-The Hon Court directed to place Copy of this order to the Chairman of CBDT, so that suitable actions are taken to comply with the directions given by this court. [S. 44AB, 80IC, 119(2)(b), 143(1), 154, Art. 226, Form No 10CCB]

S. 260A : Appeal-High Court-Delay of three years -Not explained sufficient cause in delay in filing an appeal-The lack of sincerity, or rather complete absence thereof on the part of the Revenue in this case was glaringly conspicuous by its having not even filed an application seeking condonation of this colossal delay of about three years in filing these appeals-Delay is not condoned.[S.260A(1) 260A(2)

S. 245D : Settlement Commission-Settlement of cases-Procedure-Application-Settlement Commission empowered to examine and adjudicate all aspects arising from application and accord full and complete closure to all disputes-Entitled to exercise all powers that are otherwise vested in Income-Tax Authority-Explaining transaction and surrendering disputed receipt-Cannot be treated as non-disclosure in application-Voluntary surrender accepted-Procedure adopted by Settlement Commission neither incorrect nor erroneous. [S. 245C, 245D(4), 245E, 245F, 245I, Art. 226]

S.234E: Fee-Default in furnishing the statements-Deduction of tax at source-Delay in filing statement of tax deducted at source-late fee-Position prior to 1-6-2015-Amendment of section200A with effect from 1-6-2015-Late fee could be charged in respect of delay prior to amendment.[S.200A(1)(c), 206C(3), Art. 226]

S. 220 : Collection and recovery-Assessee deemed in default-Garnishee proceedings-Appeal-High Court-Stay of recovery pending appeal-Buyback of Shares-Interim stay of recovery proceedings granted on conditions of deposit of cash and property for remaining dues with department.[S. 2(22), 46A, 115-O, 220 (6), 260A, Art. 226]