Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Timely declaration sets payable tax-arrears: disputed tax 0%/10% or 25%/35%; interest/penalty 25%/30%; halves in some appeals</h1> Where a declarant files a timely declaration for tax arrears, the payable amount depends on the nature of disputed tax and the date of payment: for disputed tax generally, payment equals the disputed tax if paid by the earlier date, or disputed tax plus 10% if paid later; disputes arising from search-based assessments require disputed tax plus 25% if early, or plus 35% if later; disputed interest, penalty or fee requires 25% early or 30% later. Any percentage exceeding the aggregate interest and penalty is ignored. In specified appeals or where prior favorable tribunal/high-court findings exist, the payable amount on that issue is half the tabled amount.
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