Re: Appeal-Interest
Suppose if in the quantum appeal, only one of the issue is challenged and one more adjustment made by the AO is accepted. On settlement of the appeal on a particular issue, does the interest and penalty on the other accepted issue is also settled?
Interest and penalty will be waived only in respect of issue which is disputed in appeal and for which declaration is filed. For undisputed issue, tax, interest and penalty will be payable.
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