Re: Penalty notice271(1)c

Penalty notice received even after filling under vivad se viswaas , vsv form 5 also received,what to do now

The assessee has to intimate to the ,, Designated Authority / Assessing Officer stating that the assesee has availed the benefit of Vivad se  Vishwas  Scheme ,  enclose the form no 5 , details of tax paid  and request for drop the penalty proceedings . The Assessing Officer will drop the penalty proceedings .  Section 6 of   The Direct Tax Vivad Se Vishwas Act, 2020   reads as under “ Subject to the provision of section 5 , the designated authority shall not initiate any proceeding in respect  of an offence ; or impose or levy any penalty ; or charge any interest under the Income -tax Act in respect of tax arrear “  

 

 

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