Advance tax adjustment: amended orders allowed when later tax payment or regular assessment changes taxable income obligation. Where, after an order under section 210 and before the cutoff prior to the final advance-tax instalment, tax is paid under section 140A or a later regular assessment is made for a previous year, the Income-tax Officer may make an amended order requiring payment of recomputed advance tax in one instalment or equal instalments on specified dates after the amended order, computed on the total income so paid or assessed and reduced by amounts already paid under the original order.
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.
Advance tax adjustment: amended orders allowed when later tax payment or regular assessment changes taxable income obligation.
Where, after an order under section 210 and before the cutoff prior to the final advance-tax instalment, tax is paid under section 140A or a later regular assessment is made for a previous year, the Income-tax Officer may make an amended order requiring payment of recomputed advance tax in one instalment or equal instalments on specified dates after the amended order, computed on the total income so paid or assessed and reduced by amounts already paid under the original order.
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