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The answers given below are in response to queries asked by other people.
Name Sandip Kumar Dhar
Query

Is the scheme still available for settlement of order for demand issued in 2019/2020

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Name ADVOCATE SANDEEP PARWANI
Query

SIR I HAVE OPTED FOR VSV SCHEME AND FORM 5 HAS BEEN RECEIVED IN RESPECTED CASE AFTER THAT I HAVE RECIEVED THE NOTICE OF PENALTY PERCIDING 271(1)(C) WHAT TTO DO ?

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Name Naresh Sharma
Query

Company is in appeal pending with Hon ITAT for AY 08-09. In notice of demand u/s 156 AY was wrongly mentioned as AY 13-14. Company opted for VSV scheme and in form 1 and 2 AY wrongly mentioned as 13-14 in place of 08-09. The fact was communicated to DA thru various mails, however no communication and form 3 is still awaited.Query is
– How to proceed further under VSV scheme and
– as no notice of demand u/s 156 for AY 08-09 issued by AO , is demand sustainable ????

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Name NITIN MEHTA
Query

Respected Sir,
In response to Form 1 & 2 filed by the declarant, PCIT issued Form 3 in December,20. The Declarant paid taxes accordingly. On 10th March,21, PCIT uploaded the revised Form 3 determining liability @ 125% invoking FAQ 70.

Q1:- Whether PCIT has power to revise Certificate issued due to CHANGE OF OPINION?

Subsequently on 24th March, 2021, the declarant made submission to restore original Form 3in terms of modification (clarification)of FAQ 70 since declarant case was neither covered under search or survey nor assessment was made thereunder.Further, in an identical case of the declarant, the Hon.Bombay HC has allowed the petition in the matter of Bhupendra Harilal Mehta V PCIT 19 (same PCIT of Querist). Till now PCIT has not revised and restored original Form 3.

Q2: Kindly suggest remedy.

Q3: Is it not contempt of the court for not following jurisdictional court order?

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Name P. V. Subba Rao
Query

Sir,

There is no provision to fill the refund details in Form 4. Only payment details can be filled. I have uploaded the withdrawal of all pending cases letter, but I can’t fill refund details. Please guide me how to fill and submit Form 4 to get Form 5
Under vivad se vishwas.

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Name V.S. Ranade
Query

Sir, my father (deceased) received a tax notice after his demise. As his legal heir, I had appealed against the order but later I opted to settle the issue under VSV scheme and paid the full amount of tax in the first week of November.
Despite this I have received 3 notices from different AO s under the faceless Assessment scheme asking me to file a reply. I have always complied same. I have also received a notice for Penalty Proceedings on 1st March, which again has been suitably attended to.
How much time should I wait for receiving the Form 5 so the case can be closed?Whom should I approach for redressal of my grievance? Its now 6 months since I have paid the tax in full. Kindly advise.

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Name Suman
Query

Sir I have received form 5 issued by cit.i have clear full n final desputed tax amount after deducted.but demand of interst shows on e filling site ie income tax site . It should be nill.how demand would be nill.and how much time it takes . After participating vivad se vishwas schme.? What should I do form 5 hard copy is submitted to Assessing officer or not.?? Department will do online.?

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Name mayur chanodia
Query

assessee hide turnover and file return us 44AD at 8 percent. during assessment u/s 143(3) ito determined turnover based on bank statement and propose penalty u/s 270A and 271B of non submission of audit report. Penalty was not imposed during this period assessee file application under vived se vishwas which was approved and form no 5 issued.
whether immunity will be available from both penalties or not

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Name SHRIKANT LAGU
Query

My client has opted for Vivad vishwas scheme and have completed all formalities and also obtained Form 3 i.e. A Certificate u/s.5(1) of Direct Tax VIVAD VISHWAS ACT,2020. Even then, Show cause notice for penalty U/s. 271(1)(c) seved on him
Please give your valuable suggetions

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Name CA Kora Venkata Kalyan
Query

We filed an appeal against Penalty. We now received form 3 also. While making the payment, are we required to pay the as Penalty or Income Tax

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