Re: Subsequent reduction in disputed demand by CIT A)

The demand on 31.jan.20 was deleted by cit (a) in the month of August 20. Can the appellant buy peace by paying 50% of the disputed demand,

If the assessee wishes the Demand as on Jan 31, 2020 i.e. AO order can be settled under VSVA. Please refer Circular No 21 /2020 dt 4 -2 2020 Q. No 56: Appeal or arbitration is pending with appellate authority as on 31 St Jan 2020 (or time for filing has not expired as on 31St Jann 2020). However, subsequent to that date, and before filing of the declaration, the appeal has been disposed by the appellate authority. Whether it is eligible under Vishwas se Vishwas? If yes, how the amount under Vivad Se Vishwas shall be computed? Answer, Yes. Amount payable under Vishwas shall be computed with reference to the position of appeal or arbitration as on 31st January, 2020

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