Re: Appeal against Interest on advance tax 234 B/C

We have won the case against advance tax late payment and it been allowed even penalty has been waived off , interest on late payment of advance tax has been levy , we have already filled an appeal against same .
under VSV scheme can this Interest amount be waived off ??

From what we understand from your query, the appeal is only pertaining to interest amount. As per section 3 of VSVA, where the tax arrear relates to disputed interest or disputed penalty or or disputed fee, the same can be settled at 25 per cent of the disputed amount (before December 31, 2020). 

 

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