WHILE GOING TO SUBMIT FORM-4 UNDER VSVS ITS SHOWING -INVALID FORMAT OF ARN. HENCE UNABLE TO SUBMIT FORM-4 .

I have received form 4 but confirmation for form 5 is still awaiting, I am not sure whether i will receive form 5 or not. I have case fixed in tribunal. Shall i fight the case or simply ignore it coz i have applied under vsv scheme and received form 4.

Does form 4 guarantee that you will receive form 5 or there is a chance that form 5 won’t be issued and request under vsv scheme gets rejected?

I have to make the payment and I have the challan but I am not sure on who’s name the cheque has to be issued my bank is ICICI or S.B.I so want to know the name or in favour of whom the cheque has to be issued.

AS PER VSV SCHEME TAX IS PAYABLE BY 30/09/2021 ,IF NOT PAID THEN 110%
What happened if not paid on or befor 31/10/2021.

Please reply

In form 3 filed by the department, we had observed a very high levy of 234 (B) and 220(2) interest. Upon questioning as to why such heavy interest was charged despite interest supposed to be waived on tax demand under VSV scheme, the AO highlighted the answer to FAQ 79 in the CBDT circular of December 2020. As per his interpretation, our returned income would also be treated as “undisputed tax liability” arising out of undisputed additions, within the meaning of that FAQ.
Therefore he has apportioned our advance and self assessment tax paid years ago against returned income, between the undisputed and disputed tax liability. By so doing, heavy interest is being charged on a portion of our returned income, even though we had paid taxes on that even before filing our return for the relevant AY.
Is this interpretation valid? How can returned income be assumed as an addition accepted in an order (under the meaning of the FAQ #79)? Doesn’t this go against the very purpose of waiving interest on the tax demand under VSV scheme? Our request for rectification to the PCIT (Designated Authority) has also been replied turning down request and reiterating the same interpretation.

I have filed declaration under vsv scheme and form no.3 has also been issued.While uploading form no.4, there is some problem. The challan details are not being saved by the portal. What can be the remedy for it and what is time limitation to file form 4.

can i pay Payment in multiple challan for one Assessment year

The assessee had filed Form-1 on 03/06/2020 and received Form-3 on 11/06/2021. Form-4 is available to file now. So while adding challan details under new portal, the portal is not acceptng the challans paid before filing Form-1. For example one challan is paid on 26/09/2019. Please help.

Sir
The assessee file form 1 & 2 under VsV against the assessment dues. The same was rejected by the department on 28.12.2020 due to none condonation of delay in filing the appeal rejected by the CIT appeal on 28.12.2020. On the same day, the assessee file again forms no. 1 & 2 against the penalty dues and the department issued form no. 3 against the penalty dues application on 10.1.2021. The assessee approached for condonation against the rejection to H’ble ITAT & the condonation is allowed. assessee intimated the same to the department on 22.03.2021. the assessee also file the writ before H’ble High Court. Now the department taken the veiw before court that the form No. 3 i already issued hence the writ is not maintainable.

Kindly reply to me

whether the department is misguiding the court or not because there is no provision of revision of form No. 1 & 2 under VsV.

As per provision of VsV form No. 1 & 2 application is a fresh application/origional for settlement of penalty due.

the assessee challenge the rejection of form no. 1 & 2 for settlement of assessment dues. the action of assessee is correct or not.

The appeal of the assessee was pending as on 31/01/2020. Assessee had filed application under VsV scheme against which form 3 was also issued. Now subsequent to the issue of form 3 and before filing of form 4 or payment of taxes, CIT(A) heard and disposed off the appeal on merits in favour of assessee.

Now suddenly after 45 days CIT(A) has passed an order u/s 154 treating the order passed u/s 250 on merits to be non-est since assessee had applied for VsV scheme and form 3 had been issued.

Does CIT(A) have power to pass such 154 order and is it maintainable???
Can the order passed by CIT(A) be treated as non-est just because assessee had applied for VsV scheme and form 3 had been issued???
What alternate options does assessee have against the said 154 order.