{"id":14099,"date":"2020-11-30T12:26:47","date_gmt":"2020-11-30T12:26:47","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vishwas\/vivad-se-vishaw-scheme\/"},"modified":"2020-12-04T06:44:36","modified_gmt":"2020-12-04T06:44:36","slug":"vivad-se-vishaw-scheme","status":"publish","type":"vishwas","link":"https:\/\/itatonline.org\/digest\/vishwas\/vivad-se-vishaw-scheme\/","title":{"rendered":"Vivad Se Vishaw Scheme"},"content":{"rendered":"<p>Addition of Rs. 15 lakhs were made vide order u\/s. 143(3) dt. 03-03-2014  in case of Pvt. Ltd. Co. The Hon\u2019ble CIT(A) has deleted addition of Rs. 3 Lakhs and Hon\u2019ble ITAT has further deleted addition of Rs. 2 Lakhs. The company has not filed further appeal against remaining quantum of Rs. 10 lakhs and paid the taxes.<br \/>\nMeanwhile AO has levied penalty on addition of Rs. 15 lakhs vide order u\/s. 271(1)(c) Dt. 23-03-2017. The company filed an appeal against order u\/s. 271(1)(c) before Hon\u2019ble CIT(A) on 25-04-2017. The appeal is still pending before Hon\u2019ble CIT(A).<br \/>\nThe company after receipt of order of the Hon\u2019ble ITAT in quantum appeal has requested AO to rectify quantum subjected to penalty from Rs. 15 lakhs to Rs. 10 Lakhs.<br \/>\nThe company want to opt for Vivad Se Vishwas Scheme<br \/>\nWhether the company has to pay 25% of penalty on Rs. 15 lakhs or Rs. 10 Lakhs?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Addition of Rs. 15 lakhs were made vide order u\/s. 143(3) dt. 03-03-2014 in case of Pvt. Ltd. Co. The Hon\u2019ble CIT(A) has deleted addition of Rs. 3 Lakhs and Hon\u2019ble ITAT has further deleted addition of Rs. 2 Lakhs. The company has not filed further appeal against remaining quantum of Rs. 10 lakhs and paid the taxes. Meanwhile AO has levied penalty on addition of Rs. 15 lakhs vide order u\/s. 271(1)(c) Dt. 23-03-2017. The company filed an appeal against order u\/s. 271(1)(c) before Hon\u2019ble CIT(A) on 25-04-2017. The appeal is still pending before Hon\u2019ble CIT(A). The company after receipt of order of the Hon\u2019ble ITAT in quantum appeal has requested AO to rectify quantum subjected to penalty from Rs. 15 lakhs to Rs. 10 Lakhs. The company want to opt for Vivad Se Vishwas Scheme Whether the company has to pay 25% of penalty on Rs. 15 lakhs or Rs. 10 Lakhs?<\/p>\n<p><a href=\"https:\/\/itatonline.org\/digest\/vishwas\/vivad-se-vishaw-scheme\/\">read more<\/a><\/p>","protected":false},"comment_status":"open","ping_status":"closed","template":"","tags":[],"expertname":[6],"class_list":["post-14099","vishwas","type-vishwas","status-publish","hentry","expertname-dr-k-shivaram-sr-advocate"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas\/14099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/vishwas"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=14099"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14099"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14099"},{"taxonomy":"expertname","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/expertname?post=14099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}