Sir, I forgot to get claim of section 54 in relation to one of my property,due to document misplace(uncontrollable circumstances),deductable amount is Rs. 45,00,000.00, so can I get the deduction same in vivad se Vishwas scheme

1. The petitioner had filed a revision application u/s 264 of the act before CIT against penalty order u/s 271(1)(c) of the Act.
2. The date of order was 29.04.2013 .
3. The date of petition was 22.03.2017.
4. There was a delay in filing the petition.
5.. The petition was filed along with an application for condonation in delay.
6.. The said petition was pending on the date of announcement of VSV Scheme.
7.. The petitioner filed a declaration under VSVS but the same was rejected by Pr.CIT on the ground that the petition filed u/s 264 of the Act was not in time, The delay has not been condoned and therefore, the application of the assessee was not processed and as on 31/01/2020 no petition is pending.
8. No order has been passed by passed by the PCIT for not condoning the delay or rejection of the petition till the date of announcement of VSVS or submission of application under VSVS by the assessee.
A request to kindly suggest a solution available to the assessee.

Dear Sir,

We have gone for an CIT(A) for adding back the directors loan as undisclosed income We have shown all the proof the oder was passed ignoring the 3rd director The AO computed the total income again with ef to CIT(A) ref we filed for rectification u/s 154 .we did notreceived any communication from department should we go for VSV scheme Its is a pvt lt company kindly reply

We can not upload the form because of following errors
1. Please enter valid amount under DTVSV in search/non search case on or before/after 31/03/2021 of schedule AI.

Kindly guide.

Assessee filed quantum appeal and a penalty appeal for the same assessment year can I opt DTVSV for penalty appeal only. Kindly guide me

With warm regard

We have raised appeal for f.y. 2014-15 before 31 jan 20 I want to apply for vsvs scheme before 31st dec 20 due date if I can’t able to pay amount before 31st March 20 what will income tax dept do this appeal will be continued with income tax or we must pay to the income tax

Sir,
In the case of my client,in the asstt.year 2011-12 Rs.7,00,000.00 appx. was disallowed on account of loss on sale and purchase of particular shares in the course of her business in trading in shares and demand was created. Transactions were made through Shares broker and all transactions were reflected in Bombay stock exchange for which all contract notes of sale and purchase of shares were produced before the assessing officer. My client is a trader in shares from last 20 years. There were so many transactions in numerous shares and on the closing of the FY the loss of the business was carried over to the subsequent year. Now my query is that if my client pays this demand to settle the litigation of this asstt. year, will she be allowed to carry forward the loss in the subsequent Years which she has done, otherwise she has to pay the taxes in the subsequent years also in which this loss has been given effect? Please advice me.
Regards

I have filled all the details in Schedule AI. My case is a non-search case and I have filled the tax payable in non-search case before 31.03.2021 (100% tax) and also for tax payable after 31.03.2021 (110% tax). But while submitting the form it shows an error that the tax payable in search cases is not filled.
Kindly help.
Thanks

One of the client has filed an appeal before the CIT for A Y 2009-2010. The hearing is still pending as the case was remanded back to the AO.
Through oversight application u/s. 154/155 was not made within the prescribed limit of 4 years.
LTCG and BP Income are taxed at the same rate by the AO. The said point alongwith others is taken in appeal.
Rectification is made in November, 2020, though it was time barred.
Q1 : Whether any alternative is available to the client as they want to go for VSVS as the difference between BP Tax and LTCG Tax is much higher.

Appeal Dismissed by ITAT on 10/01/2020 on account of adjournment of hearing. How to file Vsv. While filing Vsv under whom we can treat it as deemed to be pending