Re: If VSVS proceeding fails
If by any reason the process of verification of Form 4 is failed or say if later it comes to knowledge that there was a technical error is filling VSV form. However if the assesee has made the payment of taxes by that time. My question is whether the said payment of tax will be refundable/ adjustable or it will be no refundable/adjustable at all if the VSV process becomes invalid due to some technical reason
As per section 7 of VSVA, any amount paid in pursuance of a declaration made under section 4 of VSVA shall not be refundable under any circumstances.
Therefore, it is advisable to rectify Form 4 and contact your designated Authority under VSVA .In case no response is received by the assessee from the designated authority , the assessee may file a writ before the High Court
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