Re: Revision of Form 3

Sir, I have received form 3 in September with net tax liability adjusted with refund adjusted till AY 2019-20.
Now on tax portal my tax refund of AY 2020-21 appears adjusted from disputed tax liability which I have opted to settle under vivad se Vishwas which is lower than the amount appearing in Form 3.
Pls advice which amount to be paid. Can I net off the tax liability for refund of AY 2020-21

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 .  It may be desirable to  file rectification application before the Designated Authority .

 

---