The assesse has been issued a show cause notice u\/s279(1) of the income tax act asking for an explanation as to why prosecution u\/s278B should not be initiated on account of failure to deposit TDs on time .
\nSection 9 of the Scheme of the VSV act provides for certain exceptions wherein the provisions of the Scheme would not apply. \u2013 One of them being in
\nCases in which prosecution under the Act has been instituted on or before the date of declaration.
\nSince the Prosecution has still not been instituted the assesse is trying to opt for relief under the VSV scheme but is unable to do so as the drop down in the form is not facilitating the exercise of this option. Please advice .<\/p>\n","protected":false},"excerpt":{"rendered":"
The assesse has been issued a show cause notice u\/s279(1) of the income tax act asking for an explanation as to why prosecution u\/s278B should not be initiated on account of failure to deposit TDs on time . Section 9 of the Scheme of the VSV act provides for certain exceptions wherein the provisions of the Scheme would not apply. \u2013 One of them being in Cases in which prosecution under the Act has been instituted on or before the date of declaration. Since the Prosecution has still not been instituted the assesse is trying to opt for relief under the VSV scheme but is unable to do so as the drop down in the form is not facilitating the exercise of this option. Please advice .<\/p>\n