JUDGMENT

Manmeet Pritam Singh Arora, J.:

1. The present writ petition has been filed by the Petitioner, Assessee, seeking quashing of the rectification order dated 15th February, 2021, passed by the Respondent during the consideration of the Assessee's application for settlement of disputed tax under the Direct Tax Vivad Se Vishwas Act, 2020 (`Act of 2020').

2. The Assessee is also seeking a direction to the Respondent No. 1 to reconsider its application for settlement of disputed tax under the Act of 2020, for the Assessment Year (`AY') 2017-18.

3. The Assessee filed its Return of Income (`ROI') on 2nd November, 2017, and thereafter, filed its revised return on 14th May, 2018, both times declaring an income of NIL, as there was business loss in the AY 2017-18.

4. The Assessing Officer (`AO') initiated scrutiny assessment proceedings under Section 143(3) of the Income Tax Act, 1961 (`the Act of 1961') for the said assessment year and passed assessment order dated 21st December, 2019. The AO disallowed the write off of the `bad debt' and made an addition to income of Rs.30,00,152/-. The AO computed and raised a demand of Rs.5,53,839/-.

5. The Assessee filed an appeal again