Sir
The assessee has already paid the whole duty and interest at the time of audit. But the OIA has been passed confirming the penalty amount . .. the time for filling the appeal has already elasped. Can we file the matter under Sabka Vikas Scheme ? if yes.. what will be the implications.
Shall be grateful for your support.
Eligibility for Sabka Vikas Scheme Confirmed: Waiver for Penalties Available Under Section 124(1)(b) of Finance Act 2019. An individual inquired about filing under the Sabka Vikas Scheme after the deadline for an appeal had passed, having already paid the duty and interest but facing a confirmed penalty. A respondent confirmed eligibility for the scheme, noting it provides a waiver for penalties but not for amounts already paid. Another respondent cited Section 124(1)(b) of Chapter V of the Finance (No.2) Act, 2019, affirming the relief from penalties under the SVLDR Scheme, 2019. The inquirer expressed gratitude for the guidance received. (AI Summary)
TaxTMI 
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