Advance tax default occurs when a taxpayer fails to pay required instalments or to submit the mandated intimation. An assessee is deemed to be in default if he fails to pay any instalment of advance tax required by an order of the Assessing Officer and either does not send the required intimation to the Assessing Officer or does not pay the advance tax based on his estimate of current income.
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 default occurs when a taxpayer fails to pay required instalments or to submit the mandated intimation.
An assessee is deemed to be in default if he fails to pay any instalment of advance tax required by an order of the Assessing Officer and either does not send the required intimation to the Assessing Officer or does not pay the advance tax based on his estimate of current income.
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