Separate orders were passed u/s 201(1) & 201(1 A) of the Act for a particular assessment year. Assessee has filed two separate appeals for principal portion u/s 201(1) of the Act and interest portion u/s 201(1A) of the Act. Can he file only one declaration under Vivad se Vishwas against 201(1) order and seek 100% waiver of interest levied u/s 201(1A)of the Act ?

Separate orders were passed u/s 201(1) & 201(1 A) of the Act for a particular assessment year. Assessee has filed two separate appeals for principal portion u/s 201(1) of the Act and interest portion u/s 201(1A) of the Act. Can he file only one declaration under Vivad se Vishwas against 201(1) order and seek 100% waiver of interest levied u/s 201(1A)of the Act ? https://www.taxtmi.com/manuals?id=3404 Where an appeal against the principal tax demand is settled under Vivad se Vishwas, the interest component levied under the separate interest order in respect of the same assessment is waived in full, even if distinct appeals were filed separately for principal and interest. en-us Wed, 06 Dec 2023 14:27:00 +0530 Wed, 06 Dec 2023 14:30:00 +0530 TaxTMI RSS Generator Separate orders were passed u/s 201(1) & 201(1 A) of the Act for a particular assessment year. Assessee has filed two separate appeals for principal portion u/s 201(1) of the Act and interest portion u/s 201(1A) of the Act. Can he file only one declaration under Vivad se Vishwas against 201(1) order and seek 100% waiver of interest levied u/s 201(1A)of the Act ? https://www.taxtmi.com/manuals?id=3404 Where an appeal against the principal tax demand is settled under Vivad se Vishwas, the interest component levied under the separate interest order in respect of the same assessment is waived in full, even if distinct appeals were filed separately for principal and interest. Manuals Income Tax Wed, 06 Dec 2023 14:27:00 +0530 https://www.taxtmi.com/manuals?id=3404