Disputed Penalty - Definition / Legal Terminology - Income Tax

As per Section 89(1)(i) of Chapter IV (The Direct Tax Vivad se Vishwas Scheme, 2024) Finance (No. 2) Act, 2024. Disputed Penalty means the penalty determined in any case under the provisions of the Income-tax Act, where (i) such penalty is not levied or leviable in respect of disputed income or disputed tax, as the case may be; (ii) an appeal has been filed by the appellant in respect of such penalty;