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

The Central Board of Direct Taxes (CBDT) issued an order on June 27, 2024, in response to numerous representations concerning delays in tax payments under Form-3 of the Direct Tax Vivad se Vishwas Rules, 2020 (DTVSV Rules). CBDT, invoking Section 10(2) of the DTVSV Act, directed that delayed tax payments may be accepted under specific conditions. These include full payment of taxes, including those payable after the due date as per Form-3, by February 28, 2022, and withdrawal or non-decision of appeals mentioned in Form-I of the DTVSV Rules by the date of tax payment. The Principal Chief Commissioner of Income Tax (PCIT) is authorized to modify Form-3 manually if required, with subsequent manual filings of Form-4 and issuance of Form-5 after verifying compliance. This process must be completed by September 30, 2024, to facilitate revenue collection and address administrative challenges.