Friday, June 18, 2021

HC directed TRO to lift attachment over property as Co. was required to deposit tax under 'Vivad se Vishwas'

INCOME TAX : Where two properties were attached against outstanding demand of tax and penalty against assessee but value of one property was sufficient to clear outstanding demand against assessee and company in which assessee was director had opted under Direct Tax Vivad se Vishwas Act, 2020, in order to achieve real purpose of said scheme and in interest of justice, attachment over one property would be lifted to deposit amount of tax payable under said scheme

from www.taxmann.com Latest Case Laws https://ift.tt/3cQHbvt

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