Exclusion of settlement proceeding sums from tax definitions clarified, altering appellant status and excluding such sums retrospectively. Amendments insert Explanations to exclude from the Act's key definitions certain persons and sums arising from settlement proceedings: (i) a person with a writ, special leave petition or other proceeding arising from a Settlement Commission order before an appellate forum shall not be an appellant; (ii) sums payable by way of tax, penalty or interest under a Settlement Commission order shall be excluded from the definitions of disputed tax and tax arrear. These clarifications operate retrospectively from 17 March 2020.
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.
Exclusion of settlement proceeding sums from tax definitions clarified, altering appellant status and excluding such sums retrospectively.
Amendments insert Explanations to exclude from the Act's key definitions certain persons and sums arising from settlement proceedings: (i) a person with a writ, special leave petition or other proceeding arising from a Settlement Commission order before an appellate forum shall not be an appellant; (ii) sums payable by way of tax, penalty or interest under a Settlement Commission order shall be excluded from the definitions of disputed tax and tax arrear. These clarifications operate retrospectively from 17 March 2020.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
