The CBDT has received representations from the field authorities that since orders passed by the designated authority (DA) under ‘Vivad se Vishwas’, have a consequential effect under the Act, there is no provision available to the Assessing Officer to give effect to the order passed by the DA. The board has clarified that where the DA has passed orders under section 5 of ‘Vivad se Vishwas’, AO shall pass consequential order under the Act.The CBDT has received representations from the field authorities that since orders passed by the designated authority (DA) under ‘Vivad se Vishwas’, have a consequential effect under the Act, there is no provision available to the Assessing Officer to give effect to the order passed by the DA. The board has clarified that where the DA has passed orders under section 5 of ‘Vivad se Vishwas’, AO shall pass consequential order under the Act.taxmann.com Latest Statutory HappeningsRead More
