|Question And Answer|
|Subject:||Proceeding under section 154 after VSVS Scheme|
|Answered by:||Research Team|
|Tags:||appeal, rectification, Vivad se Vishawas Scheme|
|Date:||January 3, 2022|
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) .
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