Advertisement
Advertisement
Skip to content
Follow Us on
Advertisement
TOP STORIES
Income Tax

Quantum appeal cannot be dismissed for Opting of VSVS against Penalty order

Case Law Details

Case Name
Poosabban Thangaraju Vs ITO (ITAT Chennai)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2007-08 & 2008-09
Advertisement
Poosabban Thangaraju Vs ITO (ITAT Chennai) On perusal of the Form 5 dated 25.03.2021 issued under VSVS by the Designated Authority for both the assessment years, we find that the Form 5 has been issued for full and final payment of ₹.6,250/- as taxes in terms of VSVS order under section 5(2) dated 05.02.2021 pertains to disputed penalty levied under section 271A of the Act, against which, vide order dated 31.03.2021 for the AY 2007-08 and dated 01.04.2021 for AY 2008-09, the ld. CIT(A) [NFAC] has passed separate orders by referring to the same Form 5, whereas, the present appeals were prefer...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Advertisement

Join TaxGuru's Network for the latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Reply

Your email address will not be published. Required fields are marked *