Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Tax demand payment and default rules govern notice compliance, interest liability, instalments, and relief during appeal pendency. Tax demanded under a notice of demand is payable within the prescribed period from service of the notice, and the Assessing Officer may shorten that ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Tax demand payment and default rules govern notice compliance, interest liability, instalments, and relief during appeal pendency.
Tax demanded under a notice of demand is payable within the prescribed period from service of the notice, and the Assessing Officer may shorten that period with prior approval where delay is considered detrimental to revenue. If the demand is not paid within time, simple interest becomes chargeable on the unpaid amount, subject to reduction or refund where the tax liability is later reduced on account of rectification, appeal, revision, or settlement proceedings. On application made before expiry of the due date, the Assessing Officer may extend time for payment or permit instalments. Failure to pay within the original or extended time results in the assessee being deemed in default.
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