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of <h1>Supreme Court Denies Tax Relief Extension, Upholds Income Declaration Scheme Decision</h1> <h3>YOGESH ROSHANLAL GUPTA Versus CENTRAL BOARD OF DIRECT TAXES</h3> The Supreme Court affirmed the denial of the petitioner's extension request for the third instalment under the Income Declaration Scheme, 2016. The ... Extension of time for payment of the last installment of Tax under Income Disclosure Scheme, 2016 (IDS) - two instalments were paid by the appellant but there was default in respect of the third instalment - HELD THAT:- The request of the petitioner seeking extension of time to pay the third instalment and continue to avail the benefit under said Scheme was rejected by the High Court. As petitioner submits that the limited relief that the petitioner seeks is with respect to adjustment of the amounts deposited towards first two instalments so that in the tax liability computed by the Department after revised assessment, appropriate relief can be afforded to the petitioner. Issue notice limited to the aforesaid question, returnable on 27.08.2021. The Supreme Court upheld the rejection of a petitioner's request for an extension to pay the third instalment under the Income Declaration Scheme, 2016. The petitioner sought adjustment of amounts paid towards the first two instalments for tax liability relief. Issue notice limited to this question, returnable on 27.08.2021.
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