Introducing the βIn Favour Ofβ filter in Case Laws.
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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Form 1 Black Money tax demand notice, shortened payment deadline, recovery and appeal rights under Sections 15, 18, 30-39</h1> Form 1 is a statutory notice of demand issued under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015, requiring an assessee to pay a determined tax amount for a specified assessment year within a prescribed period, which may be less than 30 days with prior approval of higher authority. Non-payment triggers recovery proceedings under sections 30 to 39 of the Act. The assessee may appeal an assessment or penalty to the Commissioner (Appeals) under section 15 within thirty days, and further to the Appellate Tribunal under section 18 within sixty days, using prescribed forms and stamp requirements.