Interest on Disputed Tax is Covered by Vivad Se Vishwas Scheme: Karnataka HC

PCIT Vs Govindachary (Karnataka High Court) In a significant ruling clarifying the scope of the Direct Tax Vivad Se Vishwas Act, 2020 (DTVSV Act), the Karnataka High Court dismissed an appeal filed by the Principal Commissioner of Income Tax (PCIT) against the assessee, Govindachary. The central legal question before the Division Bench was whether the benevolent tax resolution scheme covered interest charged under various sections of the Income-tax Act, 1961, specifically Sections 234A, 234B, and 234C, which are typically levied on delayed or defaulted tax payments. The High Court upheld the o...