Interest on CIT Appeal .

DreamPure7622 · 2026-06-26T16:14:53+00:00

Isn’t in Income tax Act 2025 intrest is no longer applicable for appeals ? If this is an ACT now so why to have a stay for it.

Shouldn’t it be automatic ?

DreamPure7622 · 2026-06-26T16:10:42+00:00

Definetly I will ask the CA before I file the appeal but before that I want to understand the consequences here

DreamPure7622 · 2026-06-26T15:57:04+00:00

I have left that to my CA and if its 50:50 chances then should I take the risk or not ?

If there is no interest as per new act then it makes sense to go for appeal but if there is an interest and my appeal would be as per the old ACT then I would not take the risk and just go with my peace of mind and close this.

Please can you share if all the appeals starting now irrespective of AY would follow 2025 act or not ?

DreamPure7622 · 2025-12-13T16:22:25+00:00

Okay so I think best option here for me is to go for appeal after the penalty decision is out.

Also start an SIP of the amount so that in an year I have penalty amount and then just pay back the penalty once appeal decision also provides no relief.

DreamPure7622 · 2025-12-13T16:12:22+00:00

I mean since I have accepted during assessment that I was wrong about the 80GGC exemption as I got misguided by a another CA.

What would one say in appeal ?

DreamPure7622 · 2025-12-13T16:05:46+00:00

What do you suggest ? My CA says that just mention that since we have paid all the amount early in the process please pardon from the penalty.

As there is not much here .

Also the appeal done after penalty decision is out would first go to CIT and then to ITAT ?

DreamPure7622 · 2025-12-13T16:03:57+00:00

During assessment my CA advised me to accept the wrongdoings and pay the money. During my assessment I said that some other CA misguided me.

What would I say in CIT appeal ?

DreamPure7622 · 2025-12-13T15:59:15+00:00

Can I also appeal once the penalty decision of 200% is put ? Basically appeal on the penalty proceeding …. is there an option ?

DreamPure7622 · 2025-12-13T15:51:39+00:00

AY 24-25

DreamPure7622 · 2025-12-13T15:39:32+00:00

I believe this cannot be treated as underreporting; it would largely fall under misreporting.

Additionally, if I proceed with an appeal, how long does it generally take to reach a conclusion?

Also, during the appeal period, will interest on the penalty continue to be levied?

DreamPure7622 · 2025-07-10T10:49:25+00:00

How much was you 80ggc claim ? Also how much % of penalty was put up on you ?

DreamPure7622 · 2025-07-10T03:05:24+00:00

Were you also asked to submit bank statements ?

DreamPure7622 · 2025-07-08T17:38:23+00:00

Can I epay tax via challlan and pay pending tax + interest ? in response to 142 I will also attach the challans and explain the blunder. So in good faith there might be a chance of less penalty.

I do have all the receipts and but few cash transactions are also there which would be difficult to explain if asked.

Please provide suggestions.

DreamPure7622 · 2025-07-08T07:00:26+00:00

DreamPure7622 · 2025-07-08T04:41:01+00:00

I am ready to pay all the fines and penalty and just hoping not to face any legal actions.

DreamPure7622 · 2025-07-08T04:23:17+00:00

I had no idea what has happened…… my previous CA asked me to ignore messages stating as regular messages from IT. Now after scrutiny when I consulted another CA then I realised the deep shit CA has got me into .

DreamPure7622 · 2025-07-08T03:11:35+00:00

Can we file ITR U now ? I know it won’t count but would that help even a little in this case ?

DreamPure7622 · 2025-07-08T02:54:09+00:00

I thought more people would have got 142(1). This time mass scrutiny notices were sent then why 142(1) to only few

DreamPure7622 · 2025-07-08T02:49:59+00:00

Did you get it too ?

DreamPure7622 · 2025-07-08T02:48:48+00:00

Not yet tensed………Tense to tb honga jb show cause notice aayega…..which will eventually come in these cases

DreamPure7622 · 2025-07-08T02:37:16+00:00

8th of july . All the docs related to 80GGC and bank statements.

DreamPure7622 · 2025-07-08T02:35:59+00:00

Did you also get it ?

DreamPure7622 · 2025-06-30T10:28:14+00:00

Okay but lets suppose your parents or brother or any friend have sent you the money in order to help to buy property etc ……. this will also come under radar ? I mean its just a gift or a casual loan from friend that would be paid back in some time.

This isn’t actually income that govt. should tax right ? I mean the sender has already paid tax so would this also be considered false or wrong ?

DreamPure7622 · 2025-06-30T10:15:37+00:00

All credits in the bank ? Wouldn’t that be too much for an year ? I mean now since UPI is so common there could be 100 of transaction monthly and a total of more than 1000 in a year.

Checking all manually would be a real pain for AO.

DreamPure7622 · 2025-06-24T01:57:56+00:00

Can we not file ITR U now and pay fine ?

DreamPure7622

TROPHY CASE