https://www.taxtmi.com/caselaws?id=406895 The Tribunal allowed the appeal, ordering the deletion of the penalty under section 271(1)(c) based on the settlement made by the appellant under the Direct Tax Vivad Se Vishwas Scheme, 2020. The appellant had settled both the quantum and penalty appeals by paying the disputed tax, rendering the penalty appeal no longer viable for adjudication. The judgment on 19th April 2021 resolved the penalty proceedings in favor of the appellant, in accordance with the provisions of the VSV Act and CBDT Circular No. 9 of 2020. en-us Mon, 19 Apr 2021 00:00:00 +0530 Mon, 26 Apr 2021 10:21:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406895 The Tribunal allowed the appeal, ordering the deletion of the penalty under section 271(1)(c) based on the settlement made by the appellant under the Direct Tax Vivad Se Vishwas Scheme, 2020. The appellant had settled both the quantum and penalty appeals by paying the disputed tax, rendering the penalty appeal no longer viable for adjudication. The judgment on 19th April 2021 resolved the penalty proceedings in favor of the appellant, in accordance with the provisions of the VSV Act and CBDT Circular No. 9 of 2020. Case-Laws Income Tax Mon, 19 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406895