Re: Appeal against penalty imposed

We are filing DTVSV under vivad se vishwas scheme regarding appeal filed against the penalth imposed by ITO. in Sch D what is to be mentioned under Disputed income?

As we understand, the assessee wishes to settle penalty dispute Schedule D is In case the appellant opts not to pay tax on additions having effect of reducing loss/depreciation or MAT credit carried forward then the relevant column of the following schedule is to be filled up. By a plain reading of the title of Schedule D it pertains to tax on additions i.e. quantum in dispute and not penalty, however, it is advisable to approach the designated authority for further clarification.

 

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