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 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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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