Re: Disputed Tax Under DTVSV ACT 2020

In one of my clients case assessment was u/s 143(3) was completed and demand was createda sunder :
Gross tax — 5,53,342
Education Cess — 16,600
Net tax — 5,69,942
Interest u/s 234 A — 33,848
Interest u/s 234 B — 97779
Gross Demand — 7,01,569

Less : Taxes Paid
TDS/TCS — 46,867
Advance Tax — 1,00,000

Final Details :

Total tax and
Interest payable — 5,54,702

The Disputed Tax
as per Taxpayer in
Form No.1 has been
shown amounting to Rs. 5,54,702
but the Designated Authority has taken it Rs. 7,01,569/-

QUESTION :
What will be the amount of disputed Tax ??

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 .

 

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