Rounding of tax amounts requires nearest currency unit adjustment for all payable or refundable sums under the Act. Rounding of amounts under the Act requires adjustment to the nearest rupee for tax, interest, penalty, fine and any other sum payable, and for refunds or other sums due; fractional paise of fifty paise or more are increased to one rupee and fractional paise less than fifty paise are ignored.
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.
Provisions expressly mentioned in the judgment/order text.
Rounding of tax amounts requires nearest currency unit adjustment for all payable or refundable sums under the Act.
Rounding of amounts under the Act requires adjustment to the nearest rupee for tax, interest, penalty, fine and any other sum payable, and for refunds or other sums due; fractional paise of fifty paise or more are increased to one rupee and fractional paise less than fifty paise are ignored.
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