Re: Withdrawal from scheme

Mine case is before CIT (Appeal)
Initially I applied to opt the scheme. I was permitted and the demand was placed for deposit. I reviewed again and now wants to withdraw from the scheme and didn’t deposited the demanded amount. I’m interested in CIT appeal.
Do I have any binding to opt the scheme and my rights of appeal shall stand withdrawal?

The querist can opt out, however if taxes under the Vsv Act the assessee will not get the  refund.    Please refer  circular No . 9 /2020 dt 22-4 -2020--Q, No . 42 and answer   given by the CBDT,    which state that any amount paid in pursuance of a declaration made under the Vivad Se Vishawas shall not be refundable under any circumstances .

 

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