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Calculation of Tax Arrears under Vivad Se Vishwas Scheme

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Tanvi Mishra

Student

27 Points Posted on 07 January 2021

Certain additions to total income were removed by the CIT(A) and presently the appeal is pending with Tribunal with regards to other additions not removed by CIT(A). So what amount will be treated as disputed and what will be the amount of disputed interest ?

Replies (2)

Quick Summary

This discussion clarifies how to calculate tax arrears for the Vivad Se Vishwas scheme when an appeal is pending with the Tribunal. It explains that if only the assessee has filed an appeal, the disputed income is the difference between returned and assessed income, and the tax on this difference is the disputed tax. The importance of consulting CBDT FAQs for specific guidance is also highlighted.

rama krishnan

5751 Points Posted on 07 January 2021

Whether department also had filed appeal before ITAT assailing the cit(A) order? if yes, then the difference between the returned income and assessed income is the disputed income and the tax on it is disputed tax.. however please go through the FAQ released by cbdt in this regard