Re: Slapping of penalty post receipt of form 5 in VSV scheme

I have received Form 5 on account of settling disputed tax under VSV scheme in Feb 2021. I have received IT Orders and Notices seeking penalty for the same disputed tax. Please advice as to how do I seek a complete solution to this issue

The assessee  is advised to make an  rectification application  for cancellation of the penalty lived  .The assessee may enclose the  details of payment made as per VSV Scheme. In case the rectification is not done with in the limitation period of filing an appeal before the CIT (A) the assessee is advised to  file an appeal before   the CIT (A) on merit as well as on legal issue .  

 

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