Self-assessment of tax liability during Audit before June 30, 2019 can be consider as Quantification under SVLDR Scheme, 2019

Last updated: 19 December 2022

Save Share

Quick Summary

The Madras High Court has ruled that a taxpayer's self-assessment of tax liability during an ongoing audit, provided it was communicated in writing before June 30, 2019, qualifies as 'quantification' under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019. This decision allows taxpayers to benefit from the scheme even if the quantification wasn't formally completed by tax authorities before the deadline. The court directed the acceptance of such declarations for the quantified period, with further action to be taken for the remaining periods as per law.

Court :
Madras High Court

Brief :
The Hon'ble Madras High Court ("the High Court") in the case of M/s. Win Power Engineering Pvt. Ltd. v. The Designated Committee (W.P. No. 11785 of 2020) dated November 30, 2022 held that benefit under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 ("the SVLDR Scheme") could not be denied on the ground that the quantification required to be done under the SVLDR Scheme is actually the self-assessment done during the duration of Audit.

Citation :
W.P. No. 11785 of 2020

Daily Limit Reached