|Question And Answer|
|Querist:||MANOJ KUMAR MITTAL|
|Answered by:||Research Team|
|Tags:||adjustment of cash seized, Direct Tax Vivad se Viswas Act, DTVSVS, Vivad se Vishawas Scheme|
|Date:||December 22, 2021|
File Uploaded: Not Available
FORM 3 ISSUED. HAVING BALANCE IN PD ACCOUNT WITH THE INCOME TAX DEPARTMENT DUE TO CASH SEIZED AND ASSESSMENT MADE. CAN I PAY FROM PD ACCOUNT UNDER DTVSVS.
The asseessee can write to the Designated Authority to adjust the cash seized . The assessee has to follow the procedure prescribed under section 132B of the Act. If there is no existing liability the Designated Authority can adjust the cash seized against the liability
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Could you please reply on the above query of adjustment of cash seized with the demand of DTVSV. If any case law available .