UNITED AUTOMATION P.LTD,NEW DELHI vs. ACIT, CIRCLE-27(1), NEW DELHI

Learned Authorized Representative of the assessee has furnished letter dated 12.03.2022 intimating that the assessee has opted for settling the dispute arising in the appeal under the Direct Tax Vivad Se Vishwas Act, 2020. However, it has been stated that due to some mistake in computation of tax liability in Form 3 issued by the designated authority, the assessee has filed letter dated 01.03.2021 seeking rectification.

We have heard learned Authorized Representative appearing for the assessee and learned Departmental Representative. From the letter furnished before the Bench as well as the submission made at the time of hearing, it is very much clear that the assessee intends to settle the dispute arising in the appeal under the Direct Tax Vivad Se Vishwas Act, 2020. Accordingly, assessee has filed a declaration seeking settlement of the dispute. In pursuance to the declaration filed by the assessee, the designated authority has computed the tax liability and has issued form no.3. As it appears, there is some mistake in the computation of tax liability of assessee, for which, the assessee has filed an application seeking rectification.

However, in the unlikely event of assessee’s declaration under the Vivad Se Vishwas Act not being accepted by the Revenue, liberty is granted to the assessee to seek revival of this appeal.

In the result, the appeal is dismissed.