Re: Issue decided by CIT(A) in earlier year in favour of assessee tax rate applicable in pending appeal before CIT(A) in subsequent year at 50% of applicable rate under VSV
An issue in appeal was decided in favor of assessee in A. Y. 2010-11 by CIT(A) appeal. The same issue is pending before CIT(A) in appeal for A.Y.2012-13.Wheather assessee shall be eligible for tax rate of 50% of the applicable tax rate under VSV?
No, As per second proviso to section 3 of VSVA, to avail the benefit of 50 per cent of disputed tax, the issue should be covered by an order of ITAT or higher forum.
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