Re: VSV – Assessee withdrawal in between the process

The Assessee has filed Form 4 of VSV. Due to a favourable ruling in another case, the Assessee wishes to withdraw its VSV application and go through domestic litigation route again. Is it possible?

If the assessee is not complying the payment of  the tax the , form will be rejected . It seems the assessee has not withdrawn the appeal which is pending before the Competent Authority . The assessee can write to the Designated Authority stating that the  application filed under vsv Act need not be processed . If the Taxes already paid  under the VsV  Scheme the  Department may not grant the refund to the assessee.  Refer Circular No 9     dt. 22 -4 -2020 ,    Q. No. 42 and Ans. The Board has clarified that any amount paid inn pursuance of a declaration made under the Vivad Se Viashwas shall not be refundable under any circumstances .  

 

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