Re: Settlement commission- Pendency of proceedings

Whether VSV Scheme can be availed where proceedings are pending before Settlement Commission?

As per 245A, Taxpayer can approach Settlement Commission for any proceedings (viz.143(3), 147, 254, 263, 264 which may be pending before an Assessing Officer on the date on which an application is filed.  VSV scheme can be availed only where appeal are pending so it is not possible to cover proceedings before Settlement Commission. 

 

---