An appeal has been filed against the interest levied on assessed tax; however, there is no dispute against the amount of assessed tax. Can the benefit of the Vivad se Vishwas be availed?
FAQs on Direct Tax Vivad Se Vishwas Act, 2020
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Vivad se Vishwas eligibility: disputed interest can be settled when tax amount isn't contested; interest waived if tax is declared. Declarations under the Vivad se Vishwas scheme that cover disputed interest are eligible where the corresponding assessed tax is not in dispute. If a ... Summary
Vivad se Vishwas eligibility: disputed interest can be settled when tax amount isn't contested; interest waived if tax is declared.
Declarations under the Vivad se Vishwas scheme that cover disputed interest are eligible where the corresponding assessed tax is not in dispute. If a declaration is filed in respect of disputed assessed tax, the scheme provides for waiver of the entire interest levied or leviable related to that disputed tax.
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