Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Undertaking and indemnity conditions govern withdrawal of claims, waivers, and future proceedings over indirect transfer disputes. Specified conditions require the declarant to furnish Form No. 1, append undertakings from all interested parties, and submit all required attachments. Where the condition under clause (iv) applies, the declarant and interested parties must irrevocably withdraw or discontinue all appeals, proceedings, arbitration, conciliation, mediation and enforcement actions concerning the relevant order or orders, waive all related claims and remedies, and undertake not to reopen or initiate such matters in future. They must also provide indemnity, issue a public notice that the claims no longer subsist, and ensure proper corporate authorisation for the undertaking and indemnity bond.
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.
Undertaking and indemnity conditions govern withdrawal of claims, waivers, and future proceedings over indirect transfer disputes.
Specified conditions require the declarant to furnish Form No. 1, append undertakings from all interested parties, and submit all required attachments. Where the condition under clause (iv) applies, the declarant and interested parties must irrevocably withdraw or discontinue all appeals, proceedings, arbitration, conciliation, mediation and enforcement actions concerning the relevant order or orders, waive all related claims and remedies, and undertake not to reopen or initiate such matters in future. They must also provide indemnity, issue a public notice that the claims no longer subsist, and ensure proper corporate authorisation for the undertaking and indemnity bond.
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