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Vivad se viswas

Others 181 views 1 replies
Sir ji, Mr X filed Appeal before Commission of Income Tax (CIT) against Two Orders passed by. Income Tax Assessing Officer for the Assessment Year 2011-12. The details of two Orders and Appeals are as under :- (1) Assessing Officer passed Ex-party Order in June 19 as under :- Gross Tax amount 850000/- Add :- Edu. Cess, Interest u/s. 234(A) & 234(B) 865000/- Total Demand 1715000/- Mr X filed Appela against the aforesaid Order in August 2019 which is pending (2) Assessing Officer passed 2nd Ex-party Order in Sept 19 as under :- Penalty u/s. 271(1) (C) 850000/- Total Demand 850000/- Mr X filed 2nde Appeal against the aforesaid Order in November 2019 which is pending Thereafter Govt of India introduced amnesty scheme in Income Tax for those cases in which Appeal is pending as on 31-01-2020. The said amnesty scheme is known as ‘VIVAD SE VIVSWAS’ In simple words it is like that if you opt to go into Appeal then you can settle your dues finally by paying as under :- 100% of the disputed tax writ, [waiver of interest & penalty] 25% of the disputed penalty or interest or fee Query In case of Mr.X what amount to be paid to settle both appeals. Whether Mr. X can settle both cases by paying principal amount of Rs.850000/- and waiver of all interests and penalties including waiver of penalty u/s. 271(1)(c) levied via separate 2nd order . Whether Mr. X has to pay Principal amount of Rs. 850000 for 1st Appeal and Rs. 212500/- (25%) in case of 2nd Appeal Kindly clarify Regard HARIOM
Replies (1)
Mr X will have to pay tax + edu cess and 25 % of penalty.


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