A.O. had made addition of Rs. 1.68 correction on protective basis in A. Y. 2015-16 and on substantive basis in A. Y. 2014-15 in the case of a company. Can assessee offer protective addition to tax in A. Y. 2015-16 so that substantive addition in A. Y. 2014-15 shall be deleted? The clarification issued by CBDT is that if substantive addition is offered to tax in VSV then protective addition shall be deleted. Here the case is vise versa.

Dear Sir

I filed the DTVSV application during first week of May 2020 and sent the acknowledgement to assessing Officer and copy of the acknowledgement also sent to CIT(A) by mail on 25/05/2020.
Today I received the enhancement notice from the CIT(A) asking to file the reply on or before 05/06/2020.

I request you clarify whether CIT(A) has any Jurisdiction over the enhancement after filing the DTSV application

Thanking you
S.Gurumurthi

I have received form 3 from DA determining correct tax payable. However, I cannot find any optiom to file form 4 online. Please guide

An amount recieved by individual from its HUF is Taxable under section 56(2)(x) if IT Act, 1961

Is an amount Recieved by the individual from its Huf taxable under sec 56(2)(x) of IT Act, 1961.

Assessing officer had passed the order in the month of October-2019 and we have filed appeal before the CIT on 22.02.2020 through online. And due to not available of some documents for filing of condonation of delay we have not filed physically before the CIT. Now my query is whether I can file declaration application under section 3 of VSV Act, 2020 and can I avail the benefits of the VSV scheme?

there seems to be no provision in the drop down for int levied under Section 201.

does that mean the int levied under this secion does not fall under the perview of VSV

The assesse has been issued a show cause notice u/s279(1) of the income tax act asking for an explanation as to why prosecution u/s278B should not be initiated on account of failure to deposit TDs on time .
Section 9 of the Scheme of the VSV act provides for certain exceptions wherein the provisions of the Scheme would not apply. – One of them being in
Cases in which prosecution under the Act has been instituted on or before the date of declaration.
Since the Prosecution has still not been instituted the assesse is trying to opt for relief under the VSV scheme but is unable to do so as the drop down in the form is not facilitating the exercise of this option. Please advice .

Refund to be received as per Form -3 received from PCIT (Appeal pending with CIT(A),
now while filing form-4, should I simply file form-4 without mentioning anything.

1. NO tax is payable – challan details Not applicable.

2. No proof of withdrawal required to be filed when appeal pending with CIT(A)- Automatic withdrawal of appeal.

3. Refund determined in form-3 not received- should I file form-4 or wait till refund????

that mean I need to file blank form -4 and refund will be processed after all forms of VSV is completed…please confirm my understanding?????

I have received from 3 from PCIT for VSV form filed for Appeal Case pending before CIT(A).

While filing form 4, Proof of withdrawal of Appeal is required to be filed with form 4, when appeal is pending before CIT(A).