Re: quantum and penalty both pending
Quantum appeal was decided against the assessee and some enhancement was also made by the CIT (a). now appeal filed before ITAT. In the mean time penalty was also levied by AO on the instruction of CIT. Appeal filed before ITAT. How to file VS and also advise whether two separate application needs to be filed.
One application will have to be made for settling the quantum of appeal and the assessee has to give the information of also penalty . Once the quantum appeal is settled the penalty will also be waived
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