CBDT notifies Form no. 34BB for making request to withdraw application pending before SetCom

The CBDT has notified new Rule 44DA to prescribe manner for making application to withdraw pending application filed before Settlement Commission (SetCom). The Finance Act, 2021 has discontinued the Income-tax SetCom w.e.f., 01-2-2021. Assessee has option to withdraw pending application filed before SetCom within 3 months from date of commencement of the Finance Act, 2021.The CBDT has notified new Rule 44DA to prescribe manner for making application to withdraw pending application filed before Settlement Commission (SetCom). The Finance Act, 2021 has discontinued the Income-tax SetCom w.e.f., 01-2-2021. Assessee has option to withdraw pending application filed before SetCom within 3 months from date of commencement of the Finance Act, 2021.taxmann.com Latest Statutory HappeningsRead More

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