{"id":12963,"date":"2020-10-12T10:17:45","date_gmt":"2020-10-12T10:17:45","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vishwas\/finally-assessed-income-on-withdrawl-of-appeal\/"},"modified":"2020-10-12T14:14:49","modified_gmt":"2020-10-12T14:14:49","slug":"finally-assessed-income-on-withdrawl-of-appeal","status":"publish","type":"vishwas","link":"https:\/\/itatonline.org\/digest\/vishwas\/finally-assessed-income-on-withdrawl-of-appeal\/","title":{"rendered":"Finally assessed income on withdrawl of appeal"},"content":{"rendered":"<p>Assessee files Return declaring total income of Rs. 35 Lacs. Addition made by AO by enhancing valuation of stock by 25 lacs.<br \/>\nAssessee gets 100% relief before CIT appeals.<br \/>\nDepartment files appeal before ITAT which is still pending.<br \/>\nIf assessee pays the 50% of tax as stipulated in the scheme and ask the department to withdraw the appeal.<br \/>\nAfter withdrawal of appeal by the department whether addition will be deemed sustained or returned income will be restored. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Assessee files Return declaring total income of Rs. 35 Lacs. Addition made by AO by enhancing valuation of stock by 25 lacs. Assessee gets 100% relief before CIT appeals. Department files appeal before ITAT which is still pending. If assessee pays the 50% of tax as stipulated in the scheme and ask the department to withdraw the appeal. After withdrawal of appeal by the department whether addition will be deemed sustained or returned income will be restored.<\/p>\n<p><a href=\"https:\/\/itatonline.org\/digest\/vishwas\/finally-assessed-income-on-withdrawl-of-appeal\/\">read more<\/a><\/p>","protected":false},"comment_status":"open","ping_status":"closed","template":"","tags":[],"expertname":[6],"class_list":["post-12963","vishwas","type-vishwas","status-publish","hentry","expertname-dr-k-shivaram-sr-advocate"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas\/12963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/vishwas"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=12963"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12963"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12963"},{"taxonomy":"expertname","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/expertname?post=12963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}