Disputed penalty definition clarifies when penalties unconnected to disputed income qualify for appeal-linked settlement under tax framework. The definition of Disputed Penalty covers a penalty determined under the Income-tax Act where the penalty is not levied or leviable in respect of disputed income or disputed tax, and an appeal has been filed by the appellant in respect of such penalty.
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Provisions expressly mentioned in the judgment/order text.
Disputed penalty definition clarifies when penalties unconnected to disputed income qualify for appeal-linked settlement under tax framework.
The definition of Disputed Penalty covers a penalty determined under the Income-tax Act where the penalty is not levied or leviable in respect of disputed income or disputed tax, and an appeal has been filed by the appellant in respect of such penalty.
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