Informant rewards for undisclosed income: percentage-based payments upon tax realization and finality of assessments and appeals. The scheme provides two-stage informant rewards-interim and final-payable as percentages of additional taxes directly attributable to information, subject to ceilings. Interim rewards follow statutory determination or investigation detection and must be paid within specified timelines. Final rewards are processed on realization of attributable additional taxes after assessments attain finality or on specified settlement or informant election, with interim payments deductible from the final amount. Combined rewards across overlapping schemes are capped and foreign informants may receive payment through banking channels in rupees or equivalent foreign currency.
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.
Informant rewards for undisclosed income: percentage-based payments upon tax realization and finality of assessments and appeals.
The scheme provides two-stage informant rewards-interim and final-payable as percentages of additional taxes directly attributable to information, subject to ceilings. Interim rewards follow statutory determination or investigation detection and must be paid within specified timelines. Final rewards are processed on realization of attributable additional taxes after assessments attain finality or on specified settlement or informant election, with interim payments deductible from the final amount. Combined rewards across overlapping schemes are capped and foreign informants may receive payment through banking channels in rupees or equivalent foreign currency.
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