HC set-aside Form 3 issued under Direct Tax Vivad Se Vishwas Act in Rolls Royce case

Rolls Royce Industrial Power (India) Limited Vs CIT (IT) (Delhi High Court) Introduction: The Delhi High Court recently addressed a significant legal matter in the case of Rolls Royce Industrial Power (India) Limited versus the Central Board of Direct Taxes (CBDT) under the Direct Tax Vivad Se Vishwas Act, 2020. The core of the dispute revolves around the challenge to Form 3 issued under the said Act. Nature of Challenge: The case involves a challenge to Form 3, which was issued under the Direct Tax Vivad Se Vishwas Act, 2020. This Act aimed to provide taxpayers with a means to settle pending ...