Re: 234C interest
Initially I received an intimation under section 143(1).In the intimation there an amount of 2,00,000/- higher than the returned income and there was an interest under section 234B and 234C in the said intimation. Later information sought by the department has been submitted and an assessment under section 143(3) has been completed. The learned AO completed the assessment without making any additions and accepted my original returned income. After an assessment, the computation is done without deleting the interest under section 234C but 234B interest deleted. The same interest mentioned in 143(1)(a) intimation carried even after assessment also. Kindly tell us possible reasons for non waiving of 234C interest.
The Tax calculated by the Designated Authority seems to be wrong . The Assessee can make an application for rectification or may file revised declaration . Please refer question No Circular No. 9 /2020 dt 22 -4 2020 Q.No. 46 . Whether DA can amend his order to rectify any patent errors . Ans . Yes , DA shall be able to amend his order under section 5 to rectify any apparent errors . Please also refer CBDT circular Q. No. 89 and answer given by the CBDT . As per the clarification issued by the CBDT ,Declaration filed by the CBDT can be revised any number of times before the DA issues a certificate under section 5(1) of Vivad se. Vishwas .
I think You are giving reply based on vivad se viswas provisions.
My case not at all linked with vivad se viswas scheme.It is happened in the normal assessment precedudure.
And after this we have not applied for visas se viswas scheme also.