| Question And Answer | |
|---|---|
| Subject: | Proceeding under section 154 after VSVS Scheme |
| Category: | Income-Tax |
| Querist: | Parasram |
| Answered by: | Research Team |
| Tags: | appeal, rectification, Vivad se Vishawas Scheme |
| Date: | January 3, 2022 |
Dear Experts
I have filed VSVS 2020 scheme for AY 2017-18 and paid all dues, form-4 issued to me, now department ask 25 % surcharge on unexplained money since while preparing the computation of income the surcharge @ 25% not levied and the agriculture income was not considered for rate purpose in computing the tax. A order under section 154/147/142(1) issued to me and demand under section 156 for tax with interest and penalty. I ask to experts that what remedy remain for me, can I challenge this order before Commissioner Appeal or since I have adopted VSVS 2020 then I have not option to pay surcharge without interest and penalty because interest and penalty not considered in VSVS scheme.
It seems the order is passed u/s 154 of the Income -tax Act , the assessee may have to file an appeal before the CIT (A) .