1. The assessee is before CIT(A) against certain additions U\/s. 68 say 10 Lakhs as on 31.01.2020.
\nThere is a mistake in calculating 10 Lakhs ; hence petition U\/s. 154 is filed and the same is pending today.
\nNow the AO rectify the mistake and the addition is restricted to 6 Lakhs only.
\nThe assessee will file Declaration under VsVS for 6 Lakhs ?<\/p>\n
2. The appeal is pending before CIT(A) as on 31.01.2020 against
\n 2 following additions say
\n First Addition 3 Lakhs
\n Second Addition 5 Lakhs.
\nTHE CIT(A) passes appellate order now deleting addition of Rs.5 Lakhs.
\nThe declaration are to be filed for 3 Lakhs only ?<\/p>\n
3. There is an addition of Rs.5 Lakhs U\/s. 69 for the A Year 2013-14 and set off of losses are not allowed.
\nAssessee has filed petition U\/s. 154 as per the Board Circular that such set off is allowable upto A Y 2016-17.
\nNow the rectificatory order is passed U\/s. 154 allowing set-off of losses and cancelling the demand but penalty proceedings are pending. Hence, assessee can file declaration under VsVS for set off of losses so that the issue is settled.
\n4. The AO has given appeal effect U\/s. 251\/254 for the issues deleted by the appellate authorities but no effect is given for the issues setaside for verification. Assessee has filed petition u\/s. 154 and the same is pending. Can assessee file declaration under VsVS accepting the additions pending for adjudication.
\nThanking you
\nCA Shyam Poddar
\n9437052422\/9583052422<\/p>\n","protected":false},"excerpt":{"rendered":"
1. The assessee is before CIT(A) against certain additions U\/s. 68 say 10 Lakhs as on 31.01.2020. There is a mistake in calculating 10 Lakhs ; hence petition U\/s. 154 is filed and the same is pending today. Now the AO rectify the mistake and the addition is restricted to 6 Lakhs only. The assessee will file Declaration under VsVS for 6 Lakhs ? 2. The appeal is pending before CIT(A) as on 31.01.2020 against 2 following additions say First Addition 3 Lakhs Second Addition 5 Lakhs. THE CIT(A) passes appellate order now deleting addition of Rs.5 Lakhs. The declaration are to be filed for 3 Lakhs only ? 3. There is an addition of Rs.5 Lakhs U\/s. 69 for the A Year 2013-14 and set off of losses are not allowed. Assessee has filed petition U\/s. 154 as per the Board Circular that such set off is allowable upto A Y 2016-17. Now the rectificatory order is passed U\/s. 154 allowing set-off of losses and cancelling the demand but penalty proceedings are pending. Hence, assessee can file declaration under VsVS for set off of losses so that the issue is settled. 4. The AO has given appeal effect U\/s. 251\/254 for the issues deleted by the appellate authorities but no effect is given for the issues setaside for verification. Assessee has filed petition u\/s. 154 and the same is pending. Can assessee file declaration under VsVS accepting the additions pending for adjudication. Thanking you CA Shyam Poddar 9437052422\/9583052422<\/p>\n