The Central Board of Direct Taxes (CBDT) has issued a new order under the Direct TaxVivad se Vishwas Act, 2020 (DTVsV Act).This order, released on June 27, 2024, aimsto provide further clarity and guidance ondispute resolution mechanisms fortaxpayers.
Subject: Order under section 10 of the Direct Tax Vivad se Vishwas Act, 2020 (‘DTVsV Act’).
Representations/applications have been received by CBDT/field authorities for accepting thedelay in payment of taxes specified in Form-3 of the Direct Tax Vivad se Vishwas Rules, 2020(‘DTVsV Rules’) within due date specified in Direct Tax Vivad se Vishwas Act, 2020 (‘DTVsV.
The matter has been examined by the Board. With a view to address the difficulties faced bythe taxpayers and for the purpose of collection of revenue, CBDT in exercise of the powers conferred aunder Section 10(2) of the DTVsV Act, hereby directs that the delayed payment of requisite taxes inthe cases fulfilling the following conditions may be accepted under DTVsVAct:
(a)The assessee has made full payment of taxes (including amount payable after due dateas prescribed in Form-3 of the DTVsV Rules) on or before 28.02.2022 under the DTVsV Act,
and
(b)The appeal(s) mentioned in Form-1 of the DTVsV Rules has either been withdrawn orhas not been decided as on date of full payment of taxes (including amount payable after duedate as prescribed in Form-3 of the DTVsV Rules).
3 The concerned PCIT shall issue modified Form-3 manually, if needed and allow the assesseeto file Form-4 manually and thereafter issue Form-5 manually after examining the conditions as perthe DTVsV Act. The entire process should be completed by 30th September, 2024.
4 This issues with the approval of competent authority.