Imagine a case where an appellant desires to settle concealment penalty appeal pending before CIT(A), while continuing to litigate quantum appeal that has travelled to higher appellate forum. Considering these are two independent and different appeals, whether appellant can settle one to exclusion of others? If yes, whether settlement of penalty appeal will have any impact on quantum appeal?

Imagine a case where an appellant desires to settle concealment penalty appeal pending before CIT(A), while continuing to litigate quantum appeal that has travelled to higher appellate forum. Considering these are two independent and different appeals, whether appellant can settle one to exclusion of others? If yes, whether settlement of penalty appeal will have any impact on quantum appeal? https://www.taxtmi.com/manuals?id=3265 Penalty settlement cannot be sought independently while the related quantum appeal on the same disputed tax remains pending; the declarant must file a declaration specifying both the disputed-tax appeal and the penalty appeal and pay the scheme-prescribed portion of the disputed tax. en-us Fri, 01 Dec 2023 14:22:00 +0530 Fri, 01 Dec 2023 14:34:00 +0530 TaxTMI RSS Generator Imagine a case where an appellant desires to settle concealment penalty appeal pending before CIT(A), while continuing to litigate quantum appeal that has travelled to higher appellate forum. Considering these are two independent and different appeals, whether appellant can settle one to exclusion of others? If yes, whether settlement of penalty appeal will have any impact on quantum appeal? https://www.taxtmi.com/manuals?id=3265 Penalty settlement cannot be sought independently while the related quantum appeal on the same disputed tax remains pending; the declarant must file a declaration specifying both the disputed-tax appeal and the penalty appeal and pay the scheme-prescribed portion of the disputed tax. Manuals Income Tax Fri, 01 Dec 2023 14:22:00 +0530 https://www.taxtmi.com/manuals?id=3265