Penalty u/s 271(1)b

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accounts
31 Points Posted on 24 June 2021
can we impose whose person availed under vivad se vishwas sceem obtained


please suggest
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On 24 June 2021 at 13:16 Report
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Quick Summary
This discussion clarifies whether penalties under section 271(1)(b) of the Income Tax Act can be imposed on individuals who have availed the Vivad se Vishwas scheme. The consensus is that there is no penalty for successfully utilising this scheme. It's a straightforward resolution for tax disputes.

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tax consultant
3306 Points Posted on 26 June 2021
There is no penalty for availing the said scheme
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On 26 June 2021 at 09:45
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accounts
31 Points Posted on 08 July 2021
Ok Thanks Sir
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On 08 July 2021 at 20:18

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