Self-assessment requirement: taxpayers must pay tax and interest before filing returns, with payments credited to assessment. Section 14B requires the assessee to pay tax determined from specified returns or notices, together with any interest for delay, before furnishing the return and to furnish proof of payment. Payments falling short are applied first to interest and then to tax. Amounts so paid are treated as payments towards the regular assessment under section 15. Non-payment of any part of such tax or interest renders the person an assessee in default and subjects them to all applicable provisions of the Act.
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.
Self-assessment requirement: taxpayers must pay tax and interest before filing returns, with payments credited to assessment.
Section 14B requires the assessee to pay tax determined from specified returns or notices, together with any interest for delay, before furnishing the return and to furnish proof of payment. Payments falling short are applied first to interest and then to tax. Amounts so paid are treated as payments towards the regular assessment under section 15. Non-payment of any part of such tax or interest renders the person an assessee in default and subjects them to all applicable provisions of the Act.
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