Withdrawal of legal and arbitral claims: tax provision applies only if taxpayer withdraws other remedies and waives claims. Amendment to section 119 makes the section inapplicable where a person withdraws or undertakes to withdraw appeals, writs, arbitration or other dispute proceedings and furnishes a prescribed undertaking waiving any direct or indirect right to pursue remedies or claims in relation to the said income; other prescribed conditions may apply. If these steps produce a refund under the Income-tax Act, that refund shall be paid without interest under section 244A.
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.
Withdrawal of legal and arbitral claims: tax provision applies only if taxpayer withdraws other remedies and waives claims.
Amendment to section 119 makes the section inapplicable where a person withdraws or undertakes to withdraw appeals, writs, arbitration or other dispute proceedings and furnishes a prescribed undertaking waiving any direct or indirect right to pursue remedies or claims in relation to the said income; other prescribed conditions may apply. If these steps produce a refund under the Income-tax Act, that refund shall be paid without interest under section 244A.
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