HC allows Rabobank to pay 50% of disputed tax under DTVSV Scheme

Cooperative Rabobank U A Vs. CIT (Bombay High Court) Petitioner has fled Form-1 stating that it is eligible for payment of 50% of disputed tax as according to Petitioner the pending appeal is Revenue Appeal, whereas department has treated the same as dispute due to Assessee Appeal, requiring Petitioner to pay 100% of disputed tax. There being no other dispute, the issue at hand is whether the Appeal pending before the ITAT is a Revenue Appeal or an Assessee Appeal. Table in Section 3 of the DTVSV Act suggests that in the case of an eligible Appellant, if it is a non search case, then the amoun...