{"id":15290,"date":"2021-02-24T22:39:25","date_gmt":"2021-02-24T17:09:25","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vishwas\/rectification-application-rejected-and-effect-thereof-on-tax-computed-under-vsv\/"},"modified":"2021-02-25T09:11:51","modified_gmt":"2021-02-25T03:41:51","slug":"rectification-application-rejected-and-effect-thereof-on-tax-computed-under-vsv","status":"publish","type":"vishwas","link":"https:\/\/itatonline.org\/digest\/vishwas\/rectification-application-rejected-and-effect-thereof-on-tax-computed-under-vsv\/","title":{"rendered":"RECTIFICATION APPLICATION REJECTED AND EFFECT THEREOF ON TAX COMPUTED UNDER VSV"},"content":{"rendered":"<p>IN OUR CASE AN ORDER IS PASSED U\/S. 201(1) DETERMINING AN AMOUNT OF RS. 2,05,00,000\/- ON WHICH TAX SHOULD BE DEDUCTIBLE U\/S. 195 OF THE ACT. WE HAVE FILED A RECTIFICATION APPLICATION WITH NECESSARY EVIDENCE BEFORE AO POINTING OUT MISTAKE IN THE FIGURE ADOPTED BY THEM AND IN ALTERNAE ALSO REQUESTED TO PROVIDE THE DOCUMENTS BASED ON WHICH SUCH FIGURE ARE WORKED OUT. IN THE MEAN TIME ALSO FILED FORM NO. 1 UNDER THE SCHEME. AO HAS REJECTED OUR APPLICATION WITHOUT ANY BASE AND ALSO NOT PROVIDED THE DOCUMENTS BASED ON WHICH FIGURE OF RS. 2,05,00,000\/- IS ARRIVED. CAN WE CHALLANGE THE REJECTION ORDER FOR RECTIFICATION BEFORE CIT (A) AND ALSO OPT FOR VSV SCHEME. IF LATER ON CIT(A) HELD IN OUR FAVOUR FOR 154 REJECTION        AND WE PAY THE AMOUNT AS DETERMINED BY DA WITHOUT CONSIDERING OUR RECTIFICATION THEN WHETHER SUCH EXCEES AMOUNT WILL BE REFUDABLE TO US? <\/p>\n","protected":false},"excerpt":{"rendered":"<p>IN OUR CASE AN ORDER IS PASSED U\/S. 201(1) DETERMINING AN AMOUNT OF RS. 2,05,00,000\/- ON WHICH TAX SHOULD BE DEDUCTIBLE U\/S. 195 OF THE ACT. WE HAVE FILED A RECTIFICATION APPLICATION WITH NECESSARY EVIDENCE BEFORE AO POINTING OUT MISTAKE IN THE FIGURE ADOPTED BY THEM AND IN ALTERNAE ALSO REQUESTED TO PROVIDE THE DOCUMENTS BASED ON WHICH SUCH FIGURE ARE WORKED OUT. IN THE MEAN TIME ALSO FILED FORM NO. 1 UNDER THE SCHEME. AO HAS REJECTED OUR APPLICATION WITHOUT ANY BASE AND ALSO NOT PROVIDED THE DOCUMENTS BASED ON WHICH FIGURE OF RS. 2,05,00,000\/- IS ARRIVED. CAN WE CHALLANGE THE REJECTION ORDER FOR RECTIFICATION BEFORE CIT (A) AND ALSO OPT FOR VSV SCHEME. IF LATER ON CIT(A) HELD IN OUR FAVOUR FOR 154 REJECTION AND WE PAY THE AMOUNT AS DETERMINED BY DA WITHOUT CONSIDERING OUR RECTIFICATION THEN WHETHER SUCH EXCEES AMOUNT WILL BE REFUDABLE TO US?<\/p>\n<p><a href=\"https:\/\/itatonline.org\/digest\/vishwas\/rectification-application-rejected-and-effect-thereof-on-tax-computed-under-vsv\/\">read more<\/a><\/p>","protected":false},"comment_status":"open","ping_status":"closed","template":"","tags":[],"expertname":[6],"class_list":["post-15290","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\/15290","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=15290"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15290"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15290"},{"taxonomy":"expertname","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/expertname?post=15290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}