CBDT issues Fresh Order under Direct Tax Vivad se Vishwas Act for Delayed Tax Payments [Read Order]

The Central Board of Direct Taxes ( CBDT ) has received numerous representations and applications from field authorities regarding the acceptance of delays in tax payments specified in Form-3 of the Direct Tax Vivad se Vishwas Rules, 2020 ( DTVsV Rules ), thus issued an order on 27th June 2024.

The Board has decided to address these difficulties and facilitate revenue collection. Invoking the powers under Section 10(2) of the DTVsV Act, CBDT has directed that delayed payments of requisite taxes may be accepted under certain conditions.

For delayed payments to be accepted under the DTVsV Act, the following conditions must be fulfilled:

1. The assessee has made full payment of taxes ( including amount payable after due date as prescribed in Form-3 of the DTVsV Rules ) on or before 28.02.2022 under the DTVsV Act, and
2.  The appeal(s} mentioned in Form-I of the DTVsV Rules has either been withdrawn or has not been decided as on date of full payment of taxes ( including amount payable after due date as prescribed in Form-3 of the DTVsV Rules ).

The Principal Chief Commissioner of Income Tax ( PCIT ) is authorised to issue a modified Form-3 manually, if necessary. The assessee can then file Form-4 manually, and subsequently, Form-5 will be issued manually after verifying compliance with the conditions stipulated in the DTVsV Act. The entire process is to be completed by September 30, 2024.

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