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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs on Direct Tax Vivad Se Vishwas Act, 2020 |
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Will DA also pass order granting expressly, immunity from levy of interest and penalty by the AO as well as immunity from prosecution? |
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Ans. As per clause 6, subject to the provisions of clause 5, the DA shall not institute any proceeding in respect of an offence; or impose or levy any penalty; or charge any interest under the Income-tax Act in respect of tax arrears. This shall be reiterated in the order under section 5(2) passed by DA. |
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