{"id":13009,"date":"2020-10-14T15:49:59","date_gmt":"2020-10-14T15:49:59","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vishwas\/divergence-on-amount-of-settlement\/"},"modified":"2020-10-18T14:33:18","modified_gmt":"2020-10-18T14:33:18","slug":"divergence-on-amount-of-settlement","status":"publish","type":"vishwas","link":"https:\/\/itatonline.org\/digest\/vishwas\/divergence-on-amount-of-settlement\/","title":{"rendered":"Divergence on amount of settlement"},"content":{"rendered":"<p>Taxpayer files declaration under VSV for a matter under appeal before ITAT with an amount payable say INR 15 lakhs. The designated authority while issuing certificate under section 5(1) of the Act, determines the amount payable as INR 20 lakhs. Taxpayer would not like to settle the dispute at INR 20 lakhs. <\/p>\n<p>Query: Section 4(2) deems the ITAT appeal to be withdrawn from the date when certificate is issued under section 5(1). In this case what would be the recourse to the taxpayer wrt to such deemed withdrawal of appeal since he shall not settle the dispute under VSV? <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taxpayer files declaration under VSV for a matter under appeal before ITAT with an amount payable say INR 15 lakhs. The designated authority while issuing certificate under section 5(1) of the Act, determines the amount payable as INR 20 lakhs. Taxpayer would not like to settle the dispute at INR 20 lakhs. Query: Section 4(2) deems the ITAT appeal to be withdrawn from the date when certificate is issued under section 5(1). In this case what would be the recourse to the taxpayer wrt to such deemed withdrawal of appeal since he shall not settle the dispute under VSV?<\/p>\n<p><a href=\"https:\/\/itatonline.org\/digest\/vishwas\/divergence-on-amount-of-settlement\/\">read more<\/a><\/p>","protected":false},"comment_status":"open","ping_status":"closed","template":"","tags":[],"expertname":[6],"class_list":["post-13009","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\/13009","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=13009"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13009"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13009"},{"taxonomy":"expertname","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/expertname?post=13009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}