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Query asked by Shanthilal G on April 16, 2021

Re: VSVS

Dear Sir/Madam, our case was pending with CIT (A) for additions made by AO. for those years which is pending with CIT (A) 234A, B & C Interest was not paid. so Interest should be paid only 25% or Full Interest to be paid. please advise

We presume that the assessee has filed an application under the VSVAct  against quantum of appeal . Once the quantum appeal is settled the assessee need not pay the interest .However if only interest appeal is pending the assesssee may have to settle at 25%. .Now it became only academic , as the scheme is closed on 31 -03 -2021 .  


 

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