The Central Board of Direct Taxes vide Circular Dated 4th December, 2020 has issued Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020. The Circular provides that amount payable under Vivad se Vishwas shall be computed with reference to the position of appeal or arbitration as on 31st January, 2020. If the time limit for filing appeal expired during the period from 1″ April 2019 to 31″ Jan, 2020 (both dates included in the period), and the application for condonation is filed before the date of issue of this circular, and appeal is admitted by the appellate authority before the date of filing of the declaration, such appeal will be deemed to be pending as on 31 Jan 2020.
