Excelsior Correspondent
JAMMU, Aug 27: Income Tax Bar Association (ITBA) Jammu has made a representation before the Finance Minister (FM) Nirmala Sitaraman for revival and extension of ‘Vivad se Vishwas’ scheme which will expire on August 31.
Bar Association apprised the FM that in the J&K as well as other States, normalcy in operations is yet to set in as many professionals and stakeholders including Advocates and CAs as well as their key staff have suffered from Covid -19 infections. “In most of the offices, the businessmen in cities as also remote areas like scattered districts of UTs of Jammu and Kashmir and Ladakh, the normal businessmen as well as professionals are unable to complete their incomplete works,” they pleaded.
They took the plea of Supreme Court Miscellaneous Application No. 665/2021 in SMW(C) No. 3/2020 in ‘Recognizance for Extension of Limitation’ which clarified that the period from 14th March, 2021 till further orders shall also stand excluded in computing the periods prescribed under Sections 23 (4) and 29A of the Arbitration and Conciliation Act, 1996, Section 12A of the Commercial Courts Act, 2015.
The lawyers further said that despite a lapse of about three months, the recently launched income tax portal is encountered with many glitches and the Finance Minister has granted them time till September 15 for making modification, rectifications and making the portal fully operational.
“Tax lawyers have been encouraging the taxpayers to file declaration under the scheme and settle their pending dispute but despite persuasion the taxpayers due to remote areas and non-availability of transport and recession in their businesses could not contact professionals to file their declarations under the scheme,” they said.
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